How should a usage variance that is significant in amount be treated at the end of...
How should a usage variance that is significant in amount be treated at the end of an accounting period?
| A. |
Reported as a deferred charge or credit. |
|
| B. |
Allocated among work-in-process inventory, finished goods inventory, and cost of goods sold. |
|
| C. |
Charged or credited to cost of goods manufactured. |
|
| D. |
Allocated among cost of goods manufactured, finished goods inventory, and cost of goods sold. |
Homework Answers
Ans: B.
Allocated among work-in-process inventory, finished goods
inventory, and cost of goods sold. is Correct Answer
Explanation:
Usage variance that is significant in amount be treated at the end of an accounting period by Allocating among work-in-process inventory, finished goods inventory, and cost of goods sold
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