Sunday, June 19, 2011

Operating income reported on the end-of-period financial statements is changed when __________ is (are) used to handle the production-volume variance

ACCOUNTING

Multiple Choice

Operating income reported on the end-of-period financial statements is changed when __________ is (are) used to handle the production-volume variance at the end of the accounting period.

a. the adjusted allocation-rate approach

b. the proration approach

c. the write-off variances to cost of goods sold approach

d. all of the above

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