If they are to be useful to managers, variances should be reported:
A)simultaneously to all managers within a week after the end of the month.
B)in dollar amounts as soon as all costs are known.
C)in physical terms or dollar amounts as promptly as feasible.
D)in physical terms and dollar amounts if the variance exceeds 10% of the budget.

Question

Quizplus · Accepted Answer

Variances should be reported promptly in either physical terms or dollar amounts to ensure timely decision-making by managers.

If They Are to Be Useful to Managers, Variances Should