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Author Question: From an accounting standpoint, favorable cost variances are debit entries, while unfavorable ones are credits. (Read 19 times)

jeatrice

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on: Mar 6, 2021

Question 1

Both, the standard-costing method and FIFO, assumes that the earliest equivalent units in beginning work in process are completed first.
◦ true
◦ false

Question 2

From an accounting standpoint, favorable cost variances are debit entries, while unfavorable ones are credits.
◦ true
◦ false
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by jeatrice on Mar 6, 2021

poopface

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Reply #1 on: Mar 6, 2021
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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jeatrice

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

robbielu01

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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