Unfavorable Standard Cost Variances Are Normally Closed at the End

question 60

Multiple Choice

Unfavorable standard cost variances are normally closed at the end of the period by:

• A)Debiting the variance account and crediting Cost of Goods Sold.
• B)Crediting the variance account and debiting Cost of Goods Sold.
• C)Debiting the variance account and crediting Work in Process.
• D)Crediting the variance account and debiting Work in Process.

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