gross profit variance analysis is most correct?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Which of the following about gross profit variance analysis is most correct?

a. Results of the gross variance analysis should be published at least annually to improve the company’s transparency.
b. All of the choices are correct.
c. Gross profit variance analysis is a management tool used to track gross profit and improve its performance and profitability in the future.
d. A zero-gross profit variance absolutely indicates that the company is able to sell its products at the same price and at the same volume as budgeted or as previous year’s.
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