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Read pages 304-306 of your textbook - P6: Standard Cost Accounting System Explain how standard costs and variances are recorded in the accounts of a

  1. Read pages 304-306 of your textbook - P6: Standard Cost Accounting System
  2. Explain how standard costs and variances are recorded in the accounts of a business
  3. Using the information about the Wilson Company from the Chapter 8 lecture notes, record the standard DM, DL, and overhead costs and variances in journal entries

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