What is the normal year-end treatment of immaterial variances recognized in a cost accounting system utilizing standards?
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What is the normal year-end treatment of immaterial variances recognized in a cost accounting system utilizing standards? mki2 a Reclassified to deferred charges until all related production is sold Allocated among cost of goods manufactured and ending work-in-process inventory Closed to cost of goods sold in the period in which they arose Capitalized as a cost of ending finished goods inventory
(AICPA Adapted.)
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Cost Accounting Concepts And Applications For Managerial Decision Making
ISBN: 9780070103108
2nd Edition
Authors: Ralph S. Polimeni, James A. Cashin, Frank J. Fabozzi, Arthur H. Adelberg
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