Kenji was closing up shop for the season and for the fiscal year-end, as well. Managers had carefully evaluated the company's performance, comparing the actual results to budget. They even dug a little deeper into the flexible budget variances to determine the respective price and efficiency (or volume) variances. The following shows the framework used to determine these variances- although you'll notice that they neglected to label the differences.

Kenji was closing up shop for the season and for the fiscal vear-end, as well. Managers had carefully evaluated the companys performance, comparing the actual results to budget. They even dug a little deeper into the flexible budget variances to determine the respective price and efficiency (or volume) variances. The following shows the framework used to determine these variancesalthough you'll notice that they neglected to label the differences. Kenji was closing up shop for the season and for the fiscal year-end, as well. Managers had carefully evaluated the company's performance, comparing the actual results to budget. They even dug a little deeper into the flexible budget variances to determine the respective price and efficiency (or volume) variances. The following shows the framework used to determine these variances although you'll notice that they neglected to label the differences. Were any of the individual variances significant? (Assume that the company defines significant as reflecting at least 5% of the flexible budget cost for that resource.) Were the total combined variances a significant portion of Kenji's COGS balance? Were any of the individual variances significant? (Assume that the company defines significant as reflecting at least 5% o flexible budget cost for that resource.) Were the total combined variances a significant portion of Kenji's COGS balance