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14. [Answer Only) Which of the following is NOT true of variance'? 1 Managers should interpret a favorable variance as good news. 2 The goal
14. [Answer Only) Which of the following is NOT true of variance'? 1 Managers should interpret a favorable variance as "good news". 2 The goal of variance analysis is for managers to understand why variances arise, to learn, and to improve future performance. 3 With disregard to all other factors, the use of high-quality raw materials is likely to result in a favorable materials efficiency variance and an unfavorable materials price variance. With disregard to other factors, direct manufacturing labor efficiency variance is likely to be unfavorable if underskilled workers are put on a job. 5 Excessive emphasis on meeting the standards may overshadow other important objectives
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