Question: How should an efficiency variance that is material in amount be treated at the end of an accounting period? Reported as a deferred charge or

How should an efficiency variance that is material in amount be treated at the end of an accounting period?

Reported as a deferred charge or credit
Allocated among work in process inventory, finished goods inventory, and cost of goods sold
Charged or credited to cost of goods manufactured
Allocated among cost of goods manufactured, finished goods inventory, and cost of goods sold

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