When recording variances in a standard cost system:?

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When recording variances in a standard cost system:?

A. Only unfavourable material variances are debited
B. Only unfavourable material variances are credited
C. Both unfavouriable material and labour variances are credited
D. All unfavourable variances are debited
E. All unfavourable variances are credited

2007-09-15 15:21:18 · 1 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance

1 answers

When recording variances in a standard cost system:
D. All unfavourable variances are debited

The attached lecture gives a good explanation of variances.

2007-09-15 20:37:09 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋