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Title: A company has a policy "investigate all variances exceeding $3,000 or 15% of the budgeted cost, whic Post by: jerico on Mar 13, 2015 A company has a policy "investigate all variances exceeding $3,000 or 15% of the budgeted cost, whichever is lower." There is a variance of $2,000 in repair and maintenance costs of $12,000. What does the company do in the given situation?
A) It should be ignored as it is less than $3,000. B) It deserves more attention as it is more than 15% of total repair cost. C) It should be considered an in-control occurrence. D) It should be investigated as all variances are equally important. Title: Re: A company has a policy "investigate all variances exceeding $3,000 or 15% of the budgeted cost, Post by: cyborg on Mar 19, 2015 Content hidden
Title: Re: A company has a policy "investigate all variances exceeding $3,000 or 15% of the budgeted cost, whic Post by: jerico on Mar 23, 2015 Thank you for the help. I took this course as an elective, glad it's over in three weeks. Great textbook though!
Title: Re: A company has a policy "investigate all variances exceeding $3,000 or 15% of the budgeted cost, whic Post by: cyborg on Mar 23, 2015 I'm happy to help you, how luck with the others, I noticed you've posted a lot of questions.
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