As a general rule, an investigation of a variance should be undertaken only if the a.variance...
As a general rule, an investigation of a variance should be undertaken only if the
a.variance is negative.
b.variance is positive.
c.variance is isolated.
d.anticipated benefits are greater than the expected costs.
Homework Answers
c. Variance is isloated.
Variance positive or negative may be favourable depending on the nature of the item. Isolated variance is to be investigated since the same would mean that there are are items which are unusual to the nature of the item. (eg one of the expenditure ledger is negative)
anticipated benefits are to be most of the time be greater than the expected costs.
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