Answer :
If the net variance of a business using standard costing is significantly relevant to total production cost, the net variance should be: allocated between WIP and FG inventories and the cost of goods sold.
Business is a field of carried out economics that research the financial, organizational, marketplace-related, and environmental issues faced by companies. enterprise economics encompasses topics including the concept of scarcity, product elements, distribution, and consumption.
The definition of commercial enterprise is a profession or trade and the acquisition and sale of services or products to make an income. An example of enterprise is farming. An example of a commercial enterprise is a residence sale.
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