Unfavorable Standard Cost Variances Are Normally Closed at the End

Multiple Choice

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.