Select all that true regarding variance analysis:

Question 6 options:

	It is the difference between actual results and planned (budgeted) results.
	It is unfavorable if profit is lower than expected, but this could be a good thing.
	The largest variances should be investigated first (management by exception) unless there is reason to re-prioritize.
	Trends and patterns play no role in variance analysis.

Select all that true regarding variance analysis:

Question 6 options:

	It is the difference between actual results and planned (budgeted) results.
	It is unfavorable if profit is lower than expected, but this could be a good thing.
	The largest variances should be investigated first (management by exception) unless there is reason to re-prioritize.
	Trends and patterns play no role in variance analysis.