Which of the Following Statements Is(are)true? (A)If Variances Are Prorated

question 32

Multiple Choice

Which of the following statements is(are) true? (A) If variances are prorated at the end of the accounting period,an unfavorable direct materials price variance will,when prorated,increase the value of the Finished Goods Inventory.
(B) Insignificant variances are not generally prorated at the end of the accounting period and are closed to the Cost of Goods Sold.

• A) Only A is true.
• B) Only B is true.
• C) Both A and B are true.
• D) Neither A nor B is true.

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Definitions:

Clumping

The process of gathering or sticking together in groups or clusters, commonly referring to blood cells in a context of agglutination tests.

Red Blood Cells

Cells in the blood responsible for carrying oxygen from the lungs to the body's tissues and returning carbon dioxide back to the lungs.

Red Bone Marrow

A type of marrow found in certain bones that produces red blood cells, white blood cells, and platelets.

Granulocytes

A type of white blood cell characterized by the presence of granules in their cytoplasm, playing a crucial role in the immune response.