Variance Analysis Includes All of the Following Except

question 114

Multiple Choice

Variance analysis includes all of the following except

• A) taking corrective action.
• B) investigating all variances.
• C) developing performance measures to track activities causing the variance.
• D) identification of the cause.

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Definitions:

Assets

Resources owned or controlled by a business or individual, which are expected to produce future economic benefits.

Liabilities

Financial obligations or debts owed by a business or individual to others, which must be paid in the future.

Journalize

The act of recording business transactions in the chronological order of occurrence within the accounting journals.

Transactions

Economic activities or events that affect the financial position of a company, recorded in its accounting records.