Which of the following is incorrect about a standard cost accounting system? (a) It is applicable to
Question:
Which of the following is incorrect about a standard cost accounting system?
(a) It is applicable to job order costing.
(b) It is applicable to process costing.
(c) It reports only favorable variances.
(d) It keeps separate accounts for each variance.
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Related Book For 
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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