Solution-What the cost variances should be

What the cost variances should be

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Reference no: EM132957499

Problem 1: When standard manufacturing costs are recorded in the accounts and the cost variances are immaterial at the end of the accounting period, the cost variances should be:

Select one:

a. Carried forward to the next accounting period.
b. Allocated between cost of goods sold, finished goods, and work in process.
c. Closed to cost of goods sold.
d. Written off as a selling expense.
e. Ignored.

Reference no: EM132957499

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What the cost variances should be

Reference no: EM132957499

Reference no: EM132957499

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