Which one is not a method of disposing cost variances?

CS Executive · Cost and Management Accounting · PYQS · June 2019
Which one is not a method of disposing cost variances?
(A) Transfer to costing P&L account
(B) Transfer to reserve account
(C) Pro rata allocation of variances to finished stock, WIP and cost of sales
(D) No treatment, only shown in report for the purpose of control variances

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Standard Costing

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