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Definition of Variance Analysis
Variance analysis can merely be defined like the process of analyzing the difference between the actual cost and the standard cost this variation is called the variance into its constituent parts. The purpose of variances is determined and management can take suitable measures.
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Series Arithmetic Mean Standard Deviation Small-company stocks 15.9 % 32.8 % Large-company
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Current assets 180.00 232.00 Less: Current Liabilities 80.00 105.00 Working Capital
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