Question
Budgeting is used to project revenue and costs into the future, typically twelve months. Evaluating variances from standard costs is the process of evaluating performances
Budgeting is used to project revenue and costs into the future, typically twelve months. Evaluating variances from standard costs is the process of evaluating performances against benchmarks serving as goals. From the company you used in Week 1 , American Express (AMEX), please speculate how benchmarks can be determined when evaluating variances from standard costs. Provide detailed examples and how you arrived at those examples.
Can you explain so I can grasp this please?
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Financial Accounting Fundamentals With Connect Plus
Authors: John Wild
4th Edition
77785932, 978-0077785932
