1. Explain two available treatments for disposing of overhead cost variances at the end of a period 2. What provisions of U.S. GAAP (viz., FASB ASC 330-10-30, previously SFAS No. 151—available at...

1. Explain two available treatments for disposing of overhead cost variances at the end of a period

2. What provisions of U.S. GAAP (viz., FASB ASC 330-10-30, previously SFAS No. 151—available at www.fasb.org) pertain to the issue of end-of-period disposition of overhead cost variances? Be specific.