Answered step by step
Verified Expert Solution
Question
1 Approved Answer
How does variance analysis help in continuous improvement? A . The underlying causes of unfavorable variances are identified, and corrective action is taken where possible.
How does variance analysis help in continuous improvement?
A
The underlying causes of unfavorable variances are identified, and corrective action is taken where possible.
B
Variance analysis can help in continouous improvement by using unfavorable variances to place blames on certain managers. This creates the incentives to find creative ways for improvement. Having facvorable variances results in a more efficient and profitable company.
C
Favorable variances are the areas that do not need further investigation.
D
A and B
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started