Commerce 2AB3 Tutorial10

B c d e 4 a b c d e which of the following statements

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Unformatted text preview: . c. d. e. Which of the following statements is TRUE? A favourable variance is not always beneficial for an organization Managers attempt to maintain unfavourable variances Only a flexible budget can be used to determine a variance Favourable variances are typically not preferred by management A favourable variance always benefits a company 5. a. b. c. d. e. Cost variances should be investigated EXCEPT when Expected costs of investigation exceed expected benefits Better decisions are required by the organization The results are unfavourable The results are favourable Costs incurred must be reduced 6. The flexible-budget variance measures: a. What the costs and revenues should have been for the budgeted number of outputs b. [actual results x the a...
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This document was uploaded on 03/23/2014 for the course COMMERCE 2AB3 at McMaster University.

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