Which of the following is not part of the flow of events in variance analysis:
A)Preparing a standard cost performance report.
B)Identifying questions and their answers.
C)Taking corrective and strategic actions.
D)Computing and analyzing variances.
E)Working to ensure that all variances are favorable.

Question

Quizplus · Accepted Answer

Working to ensure that all variances are favorable is not a part of the flow of events in variance analysis as it is not always possible to have all variances favorable in real-world scenarios. The other options, preparing a standard cost performance report, identifying questions and their answers, computing and analyzing variances, and taking corrective and strategic actions, are all crucial steps in the flow of events in variance analysis.

Which of the Following Is Not Part of the Flow