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Unformatted text preview: Therefore a company can adjust their “standards” used for the next budget period and this should result in a more accurate budget. Each variance calculation can help them better predict future budgeting results and increase their accuracy in projections. Source: http://blog.accountingcoach.com/labor-efficienc-variance-standard-cost/...
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This note was uploaded on 03/26/2012 for the course AC505 AC505 taught by Professor Dillan during the Spring '10 term at Keller Graduate School of Management.
- Spring '10