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Why should dollar and relative differences be used jointly in variance analysis? Group of answer choices Because managers need to utilize the budget report to

Why should dollar and relative differences be used jointly in variance analysis?

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Because managers need to utilize the budget report to compare actual results to the budget

All of the above

Because dollar differences might fail to recognize the magnitude of percentage variances and it might appear insignificant if analyzed separately

Because variance analysis is done for revenue, cost of goods sold and variable labor

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