A certain company conducts a common size analysis of its income statement performance against its budget. The variance threshold is 0.2 Revenue is exactly on budget Every individual expense category has a variance of exactly 0.1, well below the variance threshold, so no red flags are triggered. Did the management team do a good job in executing this budget or not? What potential problems might come as a result of this job performance Budgets can be divided to cover daily, weekly, monthly, or annual periods? Which time period would you imagine to be the most useful for managing and controlling revenue and costs? Why? What are the riskschallenges to using that part?

Answer rating: 100% (QA)

Yes the management did a good job in conducting that analysis and executing the budget because commo... View the full answer