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

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How are immaterial 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 Traditions and Innovations

ISBN: 978-0324026450

4th edition

Authors: Barfield Jesse, Raiborn Cecily, Kinney Michael

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Question Posted: Dec 27, 2016 08:29 AM

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

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If the combined impact of the variances is immaterial unfavorable variances are clos...View the full answer

Cost Accounting Traditions and Innovations

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