Module 09: Evaluating Variance from Standard Costs 500

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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 500 word limit.
  • Reply to at least two discussion posts with comments that further and advance the discussion topic.
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