n using variance reports, management looks for a. total assets invested b. significant variances c. competitors’...
n 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
Homework Answers
| In using variance reports, management looks for significant variances |
| Variance reports are used to analyze the differences in standard costs and actual costs. |
| Costs with material variances are analyzed and the reason for such differences are identified and corrective actions are taken based on variance reports |
| Option B significant variances is correct |
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n using variance reports, management looks for
a. total assets invested
b. significant variances
c. competitors’...
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