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Which of the following statements about variance journal entries is true? a) favorable variances are credited because they increase operating income b) favorable variances are

Which of the following statements about variance journal entries is true?

a) favorable variances are credited because they increase operating income

b) favorable variances are credited because they decrease operating income

c) unfavorable variances are credited because they increase operating income

d) unfavorable variances are debited because they increase operating income

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