Cost Variance Analysis Progress You are on question 7 of 13 XYZ Company is concerned about a substantial material variance. You, as the consultant should: O Check the price paid for the materials, as if it is too low, the materials are probably not a good quality. Get all stakeholders in the room, purchasing, production and maintenance. Discuss potential reasons with them, analyze and then offer solutions. Talk to each person involved individually, so you know who to blame for the material variance issue. Previous Next