Question: Your manager at Steve Smith Forestry received your variance report and has some questions. Specifically, regarding your cost of goods sold and sales variance. In
Your manager at Steve Smith Forestry received your variance report and has some questions. Specifically, regarding your cost of goods sold and sales variance. In your variance report you noted that cost of goods sold were on target to the end of the year and the current period variance was as a result of slow production in Q1, catching up in Q2.
If you could go back in time, what could your predecessor (the person in your position before you) have done differently after the Q1 variance report was complete? Make 2 - 3 very specific suggestions, integrated in with either management decision making (week 8) or budget development (week 9) and monitoring (week 10) theory.
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