Variances are not explanations

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Reference no: EM13172939

Inc., as discussed in the chapter opener, uses a costing system with standard costs for direct materials, direct labor, and overhead costs.

Two comments frequently are mentioned in relation to standard costing and variance analysis: "Variances are not explanations" and "Management's goal is not to minimize variances."

Your responses must be 3-4 sentences long each and represent "active communication."

Reference no: EM13172939

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