Variance analysis should be used:
A) to understand why variances arise
B) as the sole source of information for performance evaluation
C) to punish employees that do not meet standards
D) to encourage employees to focus on meeting standards
Correct Answer:
Verified
Q103: Unfavorable direct material price variances are _.
A)
Q141: Standard costing systems are a useful tool
Q141: If variance analysis is used for performance
Q143: A single variance:
A)signals the cause of a
Q143: For critical items such as product defects,
Q144: When using variance for performance evaluation, managers
Q147: A particular variance generally signals one particular
Q151: The relative amount of inputs used to
Q157: Variances should be investigated _.
A) when they
Q159: Nonfinancial performance measures _.
A) are usually used
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