Variances
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Factors and considerations used in determining if a variance is over- or under-applied.
Why is this type of analysis important to managers?
What are some causes of variances?
How should they be addressed?
Who should be held responsible for these variances?
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Solution Summary
This solution is comprised of a detailed explanation to answer why is this type of analysis important to managers, what are some causes of variances, how should they be addressed, and who should be held responsible for these variances.
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Why is this type of analysis important to managers?
It is important to managers because they would be able to see as to whether the workers have accomplished according to the master budget or not. Any variances that result will provide a better clue to areas that need to be ...
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