Multiple Choice
In a standard costing system, standard costs eventually flow into the
A) Cost of Goods Sold account.
B) Standard Cost account.
C) Selling and Administrative Expenses account.
D) Sales account.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q75: If the actual amount of direct materials
Q92: Using the standard costs of $5 per
Q93: The overhead variance is equal to the
Q94: The direct labor rate variance is the
Q95: Which of the following statements is not
Q96: The direct materials price standard is determined
Q99: Even if a variance is insignificant, corrective
Q100: One drawback of using standard costing is
Q102: The variable overhead spending variance is also
Q115: A flexible budget is a summary of