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Causes of variances

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1. Should management investigate only U unfavorable variances or F favorable ones too? Why so or not?

2. Can the causes of variances be accountable to a specific manager? Think about which managers are in charge of purchasing, inventory management, production, and so forth. Why do we want to know who the manager is--to know who to blame or for one or more good business reasons?

3. Would you be concerned about whether the variance was a one-time event or will continue for some months in the future? Why so or not does that matter? What would you do to reduce your level of concern?

Reference no: EM131166795

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