A favorable cost variance of significant magnitude a is, Ask an Expert

Accounting

A favorable cost variance of significant magnitude:

A) Is strong evidence of tight financial control.

B) Does not need to be investigated as to its underlying cause.

C) Is strong evidence of excellent operating performance.

D) Is the result of exceptional planning.

E) May lead to future improvements in production methods if the variance is investigated to determine its underlying cause(s).

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9434784

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