Variance analysis includes which of the following processes?
I. Calculating variances
II. Analyzing the reasons variances occurred
III. Predicting variances in future periods
A) I and II only
B) I and III only
C) II and III only
D) I, II, and III

Question

Quizplus · Accepted Answer

Variance analysis involves calculating variances and analyzing the reasons for those variances, but it does not involve predicting variances in future periods. Therefore, options I and II are correct and option III is incorrect.

Variance Analysis Includes Which of the Following Processes