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please help! When standard cost variances are closed out to cost of good sold: Favorable variances increase cost of good sold (COGS) and decrease income;

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When standard cost variances are closed out to cost of good sold: Favorable variances increase cost of good sold (COGS) and decrease income; whereas unfavorable variances decrease COGS and increase income. Favorable variances decrease cost of good sold (COGS) and decrease income; whereas unfavorable variances increase COGS and increase income. Favorable variances decrease cost of good sold (COGS) and increase income; unfavorable variances increase COGS and decrease income. Selected Favorable variances increase cost of good sold (COGS) and increase income; whereas unfavorable variances decrease COGS and decrease income. MEVICWIGUESTIORARE Mhefock Pris

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