A standard costing system will produce the same income as an actual costing system when...

90.2K

Verified Solution

Question

Accounting

A standard costing system will produce the same income as an actual costing system when standard cost variance are closed to:

a. working-in-process

b. working-in-process and finished goods

c. cost of good sold

d. cost of good sold and invetories

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students