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Alecsey [184]
2 years ago
9

When a company prepares financial statements using standard costing, which items are reported at standard cost

Business
1 answer:
Dmitrij [34]2 years ago
7 0

Answer: Inventories and cost of goods sold.

Explanation:

Standard costing is used in accounting and it simply has to do with the substitution of the cost that's expected for a product with an actual cost when preparing financial statements.

The difference that's then between the actual costs and expected costs are then recorded as variance. It should also be noted that when a company prepares financial statements using standard costing, the items that are reported at standard cost will be Inventories and the cost of goods sold.

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"Amy's new summer job at the pool will pay her $9 per hour. Which term describes this type of hourly income?"
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5 0
3 years ago
A bank has an allowance for loan loss of $4.5m at the beginning of the year and $4.2m at the end of the year, non performing loa
Marrrta [24]

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0.259

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3 years ago
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