In the Excel spreadsheet approach in Appendix 9B in the text, each variance has its own clearing account that appears on the right-hand side of the "=" sign.This enables us to record all favorable variances as increases to their respective clearing accounts and all unfavorable variances as decreases to their accounts.

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This statement is accurate and true. Each variance has its own clearing account that appears on the right-hand side of the "=" sign, allowing the recording of favorable variances as increases to their respective clearing accounts and unfavorable variances as decreases to their accounts.

In the Excel Spreadsheet Approach in Appendix 9B in the Text