Match the following cost flows with the proper event in a job-costing firm:
-immaterial overhead variance closed to costs of goods sold
A)completion of job
B)end of each accounting period
C)materials are moved from storage into production
D)product is sold
E)end of year

Question

Quizplus · Accepted Answer

At the end of the year, immaterial overhead variances are typically closed to the cost of goods sold to adjust the accounts and reflect the actual costs incurred.

Match the Following Cost Flows with the Proper Event in a Job-Costing