If a Variance Is Investigated and Determined to Be Random

question 14

Multiple Choice

If a variance is investigated and determined to be random, managers should:

• A) Write off the variance against cost of goods sold
• B) Do nothing
• C) Identify and discipline the employee(s) responsible
• D) Write off the variance against work in process

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Definitions:

People Skills

The ability to communicate, interact, and work well with others.

Workforce Diversity

The inclusion of individuals from various backgrounds, cultures, ages, genders, and abilities in a company's workforce, enhancing creativity and innovation.

Communicate

The process of sharing or exchanging information, ideas, or feelings through speech, writing, or other forms of expression to achieve understanding.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.