Post an explanation of the role of variance analysis in managerial decision making, to include the following:
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Question:
Post an explanation of the role of variance analysis in managerial decision making, to include the following:
1) Describe an example from your professional career in which both highly favorable and unfavorable variances occurred.
2) Identify what stakeholders were most affected by these variances.
3) Explain how understanding these variances could have helped you as a manager in this situation to make better decisions.
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
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