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a) 500 words of discussion
Variance Analysis:
Write an analytical summary of your learning outcomes from chapters 9 and 10. In addition to your analytical summary, address the following:
1.
As a manager, discuss how you would use or have used the concepts presented in chapters 9 and 10.
2.
Why might managers find a flexible-budget analysis more informative than static-budget analysis?
3.
How might a manager gain insight into the causes of flexible-budget variances for direct materials, labor, and overhead? Provide at least one numerical example to support your thoughts.
b) 3 replies for the students