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  2. Topic
    Business
  3. Study Set
    Management Accounting Study Set 2
  4. Exam
    Exam 10: Standard Costs, Flexible Budgets and Variance Analysis
  5. Question
    If a Variance Is Unfavorable, It Should Be Closed Directly
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If a Variance Is Unfavorable, It Should Be Closed Directly

Question 1

Question 1

True/False

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

Correct Answer:

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