If the Net Variance of a Business Using Standard Costing

question 52

Multiple Choice

If the net variance of a business using standard costing is significant relevant to total production cost, the net variance should be:

• A) assigned to cost of goods sold.
• B) allocated between WIP and FG inventories and cost of goods sold.
• C) carried forward to the next accounting period.
• D)none of the above.

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Definitions:

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Sudhir Venkatesh

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