by year end kingbird corp had recognized standard cost variance for all of its production...
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Accounting
by year end kingbird corp had recognized standard cost variance for all of its production costs including DM, DL , variable MOH And fixed MOH the following varianceexist per the trial balanceof COGS AT thisbthis time is $111940 record the journal entryto write off these variance directly to COGS make note of tghe adjusted COGS balance after this entry is posted
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