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

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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.

Related Book For answer-question

Financial Accounting

ISBN: 978-0134127620

11th edition

Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz

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Posted Date: Dec 17, 2018 12:58 AM

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

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