gross profit variance analysis is most correct?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following about gross profit
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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