You have set order status to Closed, however, the Variance Calculation still consider the order during execution.
SAP S/4HANA Cloud
Reproducing the Issue
Run App Variance Calculation.
You need to set Deletion Flag for the order to exclude it from the Variance Calculation execution.
deletion flag, order, variance calculation, KKS2, KKS1, performance, selected, exclude. , KBA , CO-PC-OBJ , Cost Object Controlling , How To