Why are unfavorable variances recorded by using debit entries and favorable variances recorded by using credit entries?
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Unfavorable variances are recorded by debit entries because they represent costs in excess ...View the full answer
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Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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