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Home Q & A Board Other Fields Homework Help Business Accounting
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jerico jerico
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9 years ago
Which of the following is true of variance?
A) Managers should interpret a favorable variance as "good news" or assume it means their subordinates performed well.
B) A variance within an acceptable range is considered to be an "in-control occurrence" and calls for no investigation or action by managers.
C) The purchasing manager secured a discount for buying in bulk with fewer purchase orders which results in unfavorable material price variance.
D) Managers' performance must be evaluated solely on single variance.
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Cost Accounting

Cost Accounting


Edition: 14th
Authors:
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cyborgcyborg
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9 years ago
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jerico Author
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#2
9 years ago
Thank you for the help. I took this course as an elective, glad it's over in three weeks. Great textbook though!
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#3
9 years ago
Cool! No problem.
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