The cost of goods sold before an adjustment for an overhead variance is called ____________________.
The cost of goods sold before an adjustment for an overhead variance is called ____________________.
Homework Answers
The cost of goods sold before an adjustment for an overhead variance is called 'Normal cost of goods sold'.
Normal cost of goods sold is calculated on the basis of standard overheads set by the management.
Standard overheads are compared with actual overheads to find out overhead variance.
Overhead variance calculated in the above manner needs to be adjusted with normal cost of goods sold.
When normal cost of goods sold is adjusted for overhead variance, it becomes adjusted cost of goods sold.
Kindly comment if you have any doubt. Thanks
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The cost of goods sold before an adjustment for an overhead
variance is called ____________________.
The cost of goods sold before an adjustment for an overhead variance is called ____________________.
The cost of goods sold before an adjustment for an overhead variance is called ____________________.
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