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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
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.
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C. | Charged or credited to cost of goods manufactured. | |
D. | Allocated among cost of goods manufactured, finished goods inventory, and cost of goods sold.
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