A difference between a standard cost and an actual cost would be recorded in the Work in Process account.

Name: A difference between a standard cost and an actual cost would be recorded in the Work in Process account.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A difference between a standard cost and an actual cost is typically recorded in variance accounts, not directly in the Work in Process account. The Work in Process account is adjusted based on standard costs, and variances are recorded separately to analyze the differences.

A Difference Between a Standard Cost and an Actual Cost