Variances are used for control purposes by highlighting problem areas, such as using too many materials, so that corrective action can be taken.

Name: Variances are used for control purposes by highlighting problem areas, such as using too many materials, so that corrective action can be taken.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Variances are used to identify areas of issue or inefficiency in a business's operations so that corrective action can be taken to improve performance and control costs.

Variances Are Used for Control Purposes by Highlighting Problem Areas