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As a practical matter, variances from standard are usually: A. closed directly to Income Summary. B. closed to Cost of Goods Sold. C. allocated to

As a practical matter, variances from standard are usually:

A.

closed directly to Income Summary.

B.

closed to Cost of Goods Sold.

C.

allocated to Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold.

D.

closed to Manufacturing Overhead.

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