Which of the following is not a reason standard costs are separated into two components? a.Identifying variances determines which manager must find a solution to major discrepancies. b.If a negative variance is overshadowed by a favorable variance, managers may overlook potential corrections. c.The price and quantity variances need to be identified separately to correct the actual major differences. d.Variances bring attention to discrepancies in the budget and require managers to revise budgets closer to actual results.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Which of the following is not a reason
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