20. Why is variance analysis crucial for effective budget management? a. It helps in setting sales targets b. It identifies areas where actual performance deviates from budgeted figures, allowing corrective action c. It ensures that all expenses are justified d. It reduces the time needed to prepare future budgets

20. Why is variance analysis crucial for effective budget management? a. It helps in setting sales targets b. It identifies areas where actual performance deviates from budgeted figures, allowing corrective action c. It ensures that all expenses are justified d. It reduces the time needed to prepare future budgets

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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