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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The flow of gases on a large scale, primarily referring to the movement of air in the Earth's atmosphere.

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Plastics engineered to have greater tensile strength and durability, often used in applications requiring resilience to wear and tough conditions.

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