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Author Question: Which of the following is true of variance? (Read 14 times)

altibaby

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on: Mar 6, 2021

Question 1

Which of the following is an example of nonfinancial performance measure?
◦ percentage of products started and completed without requiring any rework
◦ direct manufacturing labor efficiency variance
◦ direct materials price variance
◦ quantity discounts obtained on order of large quantity

Question 2

Which of the following is true of variance?
◦ Managers should interpret a favorable variance as "good news".
◦ Managers should not simply interpret a favorable  variance as good but should understand why the variance occurred.
◦ A small variance or zero variance definitively reveals efficient performance.
◦ Managers' performance must be evaluated solely on single variance.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by altibaby on Mar 6, 2021

JYan

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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altibaby

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

bitingbit

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Reply 3 on: Yesterday
Excellent

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