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    Exam 23: Flexible Budgets and Standard Cost Systems
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    On a Standard Cost Income Statement,the Variances with Debit Balances
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On a Standard Cost Income Statement,the Variances with Debit Balances

Question 67

Question 67

True/False

On a standard cost income statement,the variances with debit balances are shown in parentheses because they are contra expenses and therefore decrease the expense Cost of Goods Sold.

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