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(Multiple Choice) Which of the following statements about journal entries to record variances is true? A. An unfavorable variance is recorded with a debit. B.

(Multiple Choice)

Which of the following statements about journal entries to record variances is true?

A. An unfavorable variance is recorded with a debit. B. Work in process is generally debited for the standard cost. C. A credit balance is a variance account suggests good results. D. All of the above are correct.. E. None of these.

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