What provisions of GAAP (viz., FASB ASC 330-10-30, previously SFAS No. 151available at www.asc.fasb.org) pertain to the

Question:

What provisions of (viz., FASB ASC 330-10-30, previously SFAS No. 151—available at www.asc.fasb.org) pertain to the issue of end-of-period disposition of overhead variances? Be specific.

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...