If a Variance Is Unfavorable, It Should Be Closed Directly

question 1

True/False

If a variance is unfavorable, it should be closed directly to cost of goods sold.

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Definitions:

Biological Explanations

Theories or reasoning that attribute psychological phenomena or behaviors to biological processes.

Innate Factors

Natural, inborn elements or traits that influence an individual's development and characteristics from birth.

General Cognitive Processes

Fundamental mental activities involved in obtaining and processing knowledge, such as perception, memory, and problem-solving.

Biological Explanation

An explanation for behaviors, traits, or conditions based on biological factors, such as genetics, biochemical processes, or physiological mechanisms.