Andrea,a production manager for Akim Manufacturing,is investigating variances that are greater than 10% of the budgeted amounts.Andrea is engaging in ________.

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Management by exception is a technique used by managers to focus their attention on areas of the business that are not operating as expected. By investigating variances that are greater than 10% of the budgeted amounts, Andrea is using management by exception to identify and address any significant deviations from the planned performance. Benchmarking is a process of comparing the performance of a business with that of its competitors or industry standards. ABC costing is a method of allocating costs to products or services based on the activities that contribute to those costs. Lean accounting is an approach to accounting that focuses on reducing waste and improving efficiency in financial processes. None of these methods are directly related to Andrea's investigation of significant variances.

Andrea,a Production Manager for Akim Manufacturing,is Investigating Variances That Are