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:

Median Voter Theorem

A theory suggesting that a majority rule voting system will select the outcome most preferred by the median voter.

Middle-of-the-Road

A course of action or opinion that avoids extremes and adopts a moderate or balanced viewpoint.

Median Voter

A theoretical concept in political economy and public choice theory that suggests policies are determined by the preferences of the median voter when voters are positioned along a single policy dimension.

Voter Type

Refers to categories of voters distinguished by specific characteristics such as political preference, age, or socioeconomic status.