All variances should be reported to appropriate levels of management as soon as possible

All variances should be reported to appropriate levels of management as soon as possible

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All variances should be reported to appropriate levels of management as soon as possible. In income statements prepared for management under a
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Unformatted text preview: standard cost accounting system, cost of goods sold is stated at standard cost and the variances are disclosed separately....
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This note was uploaded on 12/26/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.

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