Leading indicators provide managers with the information they need to
A)Prepare direct material and direct labor variances.
B)Take timely,corrective action.
C)Prepare GAAP- based financial statements.
D)All of these ans choices are correct.

Question

Quizplus · Accepted Answer

Leading indicators are used to forecast future performance and signal potential problems or opportunities. By providing managers with timely information, they can take corrective action to address issues before they become major problems. This helps to minimize risk and improve overall performance. While leading indicators may be used in preparing direct material and labor variances, and financial statements, their primary purpose is to support managerial decision-making and improve operational effectiveness.

Leading Indicators Provide Managers with the Information They Need to