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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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