If They Are to Be Useful to Managers, Variances Should

question 31

Multiple Choice

If they are to be useful to managers, variances should be reported:

• A)simultaneously to all managers within a week after the end of the month.
• B)in dollar amounts as soon as all costs are known.
• C)in physical terms or dollar amounts as promptly as feasible.
• D)in physical terms and dollar amounts if the variance exceeds 10% of the budget.

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Definitions:

Production Center

A facility or location that is dedicated to the manufacturing or production of goods, often involving assembly lines or specialized equipment.

Etruscan Funerary Monument

A burial structure or monument created by the ancient Etruscans, reflecting their burial practices, art, and beliefs about the afterlife.

Cista

An Etruscan cylindrical container made of sheet bronze with cast handles and feet, often with elaborately engraved bodies, used for women’s toiletry articles.

Tumulus

An ancient burial mound or barrow, constructed over the graves of eminent individuals, often seen in the archaeological sites of various cultures worldwide.