In a standard cost system,a favorable variance will appear as:
A)a credit entry.
B)a debit entry.
C)either a debit or a credit entry.
D)variances do not affect journal entries.

Question

Quizplus · Accepted Answer

A favorable variance in a standard cost system is recorded as a credit entry because it indicates that the actual costs were less than the standard or expected costs.

In a Standard Cost System,a Favorable Variance Will Appear As