Question: 2 0 . Why is variance analysis crucial for effective budget management? a . It helps in setting sales targets b . It identifies areas

20. Why is variance analysis crucial for effective budget management?
a. It helps in setting sales targets
b. It identifies areas where actual performance deviates from budgeted figures, allowing corrective action
c. It ensures that all expenses are justified
d. It reduces the time needed to prepare future budgets

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