In a fully integrated standard costing system standards costs eventually flow into the: a. cost of goods sold account b. standard cost account c. selling and administrative expenses account d. sales account

In a fully integrated standard costing system standards costs eventually flow into the: a. cost of goods sold account b. standard cost account c. selling and administrative expenses account d. sales account

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter2: Basic Managerial Accounting Concepts

Section: Chapter Questions

Problem 1MCQ: Accumulating costs means that a. costs must be summed and entered on the income statement. b. each...

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Question

In a fully integrated standard costing system standards costs eventually
flow into the:
a. cost of goods sold account
b. standard cost account
c. selling and administrative expenses account
d. sales account

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