Variance analysis includes which of the following processes?
I$\quad $Calculating variances
II$\quad $Choosing variances for further investigation
III$\quad $Predicting variances in future periods

A) I and II only
B) I and III only
C) II and III only
D) I, II, and III

Question

Variance analysis includes which of the following processes? 
I$\quad $Calculating variances
II$\quad $Choosing variances for further investigation 
III$\quad $Predicting variances in future periods

A) I and II only
B) I and III only
C) II and III only
D) I, II, and III

Quizplus · Accepted Answer

Variance analysis involves calculating variances to understand differences between planned and actual figures, and choosing which variances to investigate further based on their significance. Predicting future variances is not typically considered part of variance analysis, but rather a function of forecasting and budgeting processes.

Variance Analysis Includes Which of the Following Processes? I \quad

Variance Analysis Includes Which of the Following Processes?
I $\quad$