MCQOPTIONS
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| 1. |
When are overhead variances recorded in a standard costing system? |
| A. | when the goods are transferred out of work-in-progress. |
| B. | when the factory overhead is applied to work-in-progress. |
| C. | when the cost of goods sold is recorded |
| D. | when the direct labour is recorded |
| Answer» C. when the cost of goods sold is recorded | |