Which Is NOT an Acceptable Method of Disposing of Variances

question 116

Multiple Choice

Which is NOT an acceptable method of disposing of variances?

• A)closing them to cost of goods sold
• B)closing them to raw materials, work-in-process, and finished goods
• C)closing them to work-in-process, finished goods, and cost of goods sold
• D)all are acceptable methods

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Definitions:

Systematic Extermination

The deliberate and methodical elimination of a particular group of people or animals, often carried out as a policy or strategy.

Genocide

The deliberate and systematic extermination of a national, racial, political, or cultural group.

Internal Colonialism

The economic and political subjugation of the minority group by the dominant group within a nation.

Minority Group

A category of people who experience relative disadvantage as compared to members of a dominant social group, often marked by racial, religious, ethnic, or gender distinctions.