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Why is the identification of favorable and unfavorable variances so important to

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Why is the identification of favorable and unfavorable variances so important to a company? How can the identification of the variances help management control costs? Please explain. As you are considering the flexible budgeting topic of the week, it is important for you to look at this analysis as a significant contribution to the management of the company.  Knowing what the bottom line profit or […]

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