Unformatted text preview: At the end of the year, where are variances usually transferred or closed out to? The majority of this chapter is on CALCULATING the variances. LOTS OF POINTS on this!! Know how to calculate the direct materials price variance direct materials quantity variance direct labor time variance direct labor rate variance Factory overhead controllable variance factory overhead volume variance...
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 Fall '09
 AmyHulsey
 Variance, Direct material price variance, Materials quantity variance, favorable variance, overhead controllable variance

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