Take Test: Mid Term Test Question Completion Status: Question 2 of 10 A Moving to another question will save this response. 7 points Saved a) Why should we not be satisfied with all favourable or all unfavourable variances? b) How can we tell that the process of variance analysis is working effectively? c) List three(3) actions that should be taken after the variances have be identified. Identify the people/positions WHO should be addressed. WHAT questions should be addressed, and reasons WHY variances are unacceptable