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when standard costs are used in a cost accounting system: A-a favorable cost variance results when standard amounts are less than actual costs? B-cost variance
when standard costs are used in a cost accounting system:
A-a favorable cost variance results when standard amounts are less than actual costs?
B-cost variance are showin the year end balance sheet as assets, if favorable, or as liabilities, if unfavorable
C-cost charged to the work in progress inventory, finished goods inventory, and cost of good sold accounts are actual costs
D-costs charged to the work in process inventory, finished goods inventory, and cot of goods sold accounts are at standard costs
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