Evaluating Variance from Standard Costs
Description
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Evaluating Variance from Standard Costs
Discuss the importance of evaluating variances from standard costs in managerial accounting. What are some reasons for variances, and how can they be addressed?
Directions:
- Discuss the concepts, principles, and theories from your textbook. Cite your textbooks and cite any other sources if appropriate.
- Your initial post should address all components of the question with a 600-word limit.
- 4-6 References (APA style)
- Readings Required:
- Falat, K. (2019). Changes in the Product Costing Process Driven by Implementation of an Integrated Information System in a Production Company. EFinanse, 15(4). https://doi.org/10.2478/fiqf-2019-0025
- PowerPoint Presentation
- Ching-Wen Kwang, & Slavin, A. (1962). The Simple Mathematics of Variance Analysis. Accounting Review, 37(3), 415.
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