question archive Explain the various factors and considerations used to determine if a variance is over- or under-applied

Explain the various factors and considerations used to determine if a variance is over- or under-applied

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Explain the various factors and considerations used to determine if a variance is over- or under-applied. Why is this type of analysis important to managers? What are some causes of variances? How should they be addressed? Who should be held responsible for these variances?

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