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Author Question: When using a standard costing system, the balances in all inventory and cost of goods sold accounts ... (Read 60 times)

Caileynorton

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on: Feb 5, 2023
When using a standard costing system, the balances in all inventory and cost of goods sold accounts will be at standard amounts at the end of the accounting period. Variances for direct materials, direct labor, and manufacturing overhead have been recorded throughout the period.

Required:

For each of the following variances, identify how it is calculated, at what point the variance is recorded, and the interpretation of an unfavorable variance.

1.Direct material price variance
2.Direct material quantity variance
3.Direct labor rate variance
4.Direct labor efficiency variance
5.Variable overhead spending variance
6.Variable overhead efficiency variance
7.Fixed overhead spending variance
8.Fixed overhead volume variance
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Marked as best answer by Caileynorton on Feb 5, 2023

3ginamay

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Caileynorton

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

adf223

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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