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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

a) Why should we not be satisfied withallfavourable orallunfavourable 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 variances have been identified. Identify the people/positions WHO should be addressed. WHAT questions should be asked, and reasons WHY variances areunacceptable

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