A trial balance is a list of all of the accounts of a company with their balances at a point in time

In the example of "Purchase Groceries," the primary actor is the cashier

Indicate whether the statement is true or false

When variances are immaterial, which of the following statements is true of the journal entry to write-off the variable overhead variance accounts?

A) Cost of Goods Sold account will always be debited. B) Unfavorable efficiency variance will be credited. C) Favorable efficiency variance will be credited. D) Cost of Goods Sold account will always be credited.