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My discussion question this week is on variance analysis.

  • My discussion question this week is on variance analysis. It includes a request to include the following information "Describe a scenario in which there are both highly favorable and highly unfavorable variances. Be sure to include the actual and standard costs in your scenario.". I do not have personal experience with these variances that would allow me to draw specific numbers from. How do I find a suitable example that includes specific costs so i can provide costs and calculations?

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