To assess the importance of a variance,managers should consider,not just the materiality of the amount,but also the type of variance being analyzed.

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Materiality alone is not a sufficient factor in assessing the importance of a variance. The type of variance, whether it is a controllable or uncontrollable variance, and the impact it has on the overall financial performance of the organization should also be considered.

To Assess the Importance of a Variance,managers Should Consider,not Just