In using variance reports management looks for
A) total assets invested.
B) significant variances.
C) competitors' costs in comparison to the company's costs.
D) more efficient ways of valuing inventories.

Question

Quizplus · Accepted Answer

In using variance reports, management looks for significant variances, which are deviations from the expected or budgeted levels of performance. These variances may indicate areas where improvements can be made or where corrective actions need to be taken. The other options would not typically be the main focus of variance reports.

In Using Variance Reports Management Looks for