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How to adjust the Unfavorable production volume variance ( PVV ) for fixed overhead under absorption costing, if the variance is immaterial? The variance amount
How to adjust the Unfavorable production volume variance PVV for fixed overhead under absorption costing, if the variance is immaterial? The variance amount is subtracted from the Work in Process account, Finished Goods account, and Cost of Goods Sold account. The variance amount is added to the Work in Process account, Finished Goods account, and Cost of Goods Sold account. The variance amount is added to the Cost of Goods Sold account. The variance amount is subtracted from the Cost of Goods Sold account.
How to adjust the Unfavorable production volume variance PVV for fixed overhead under absorption costing, if the variance is immaterial?
The variance amount is subtracted from the Work in Process account, Finished Goods account, and Cost of Goods Sold account.
The variance amount is added to the Work in Process account, Finished Goods account, and Cost of Goods Sold account.
The variance amount is added to the Cost of Goods Sold account.
The variance amount is subtracted from the Cost of Goods Sold account.
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