

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 | |