Variance analysis can be useful in nonmanufacturing entities, especially when tasks are repetitive in nature. This allows management to analyze costs and make decisions to avoid higher expenses. In addition to the previous example involving housekeeping and hotels, can you think of any service-type repetitive tasks that could benefit from management analysis? Please respond to at least one classmate and cite at least one reference (can use your book as one reference).
Variance analysis can be useful in nonmanufacturing entities, especially when tasks are repetitive in nature. This allows management to analyze costs and make decisions to avoid higher expenses. In addition to the previous example involving housekeeping and hotels, can you think of any service-type repetitive tasks that could benefit from management analysis? Please respond to at least one classmate and cite at least one reference (can use your book as one reference).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Variance analysis can be useful in nonmanufacturing entities, especially when tasks are repetitive in nature. This allows
management to analyze costs and make decisions to avoid higher expenses. In addition to the previous example
involving housekeeping and hotels, can you think of any service-type repetitive tasks that could benefit from
management analysis? Please respond to at least one classmate and cite at least one reference (can use your book as one
reference).
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