Although formal entry of standard costs and variances into the accounting records is not required,some organizations make such entries in order to emphasize the importance of variances as well as to simplify the bookkeeping process.

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Although it is not required, some organizations choose to enter standard costs and variances into their accounting records. This can serve as a reminder of their importance and can also simplify bookkeeping procedures.

Although Formal Entry of Standard Costs and Variances into the Accounting