How are insignificant variances closed at the end of an accounting period? How are significant variances closed

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How are insignificant variances closed at the end of an accounting period? How are significant variances closed at the end of an accounting period? Why is there a difference in treatment?

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Cost Accounting Foundations and Evolutions

ISBN: 978-1111626822

8th Edition

Authors: Michael R. Kinney, Cecily A. Raiborn

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Question Posted: Jul 24, 2012 03:49 AM

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How are insignificant variances closed at the end of an accounting period? How are significant variances closed

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At the end of a period monetarily insignificant variances are closed directly to Cost of Goods ...View the full answer

Cost Accounting Foundations and Evolutions

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