Select all that apply Actual output is used for variance calculations because Blank______. Multiple select question. budgeted
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Select all that apply Actual output is used for variance calculations because Blank______. Multiple select question. budgeted output although useful for planning is outdated for analyzing performance performance should be evaluated on how closely actual production meets budgeted production since all estimates are based upon that budget the performance should be evaluated based on what costs should be given the output produced it focuses on the direct materials cost and direct labor cost that should have been incurred for the level of output produced
Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730302414
4th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
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