AICPA Exam CPA-Financial Topic 3 Question 15 Discussion

Actual exam question for AICPA's CPA-Financial exam

Question #: 15
Topic #: 3

A planned volume variance in the first quarter, which is expected to be absorbed by the end of the fiscal period, ordinarily should be deferred at the end of the first quarter if it is:

AOption A

BOption B

COption C

DOption D

Show Suggested Answer

Suggested Answer: D

Choice 'd' is correct. Yes - Yes.

Rule: Volume variances that are planned or expected to be absorbed by the end of the year should be deferred at interim whether favorable or unfavorable.

by Willow at May 09, 2022, 01:26 AM

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