Discussion: "Variance Analysis and Balanced Scorecards"
Please respond to the following:
• Use the Internet to research a company that has implemented a balanced scorecard system for evaluating performance. Suggest at least two variance measures the identified company can employ in a balanced scorecard performance evaluation system, and examine how the company can use these variances to improve performance.
• Examine the main reasons service companies are more sensitive to labor and price variances, as compared to material price variances, and determine the importance of companies managing these variances in relation to sustaining profitability.
Please watch this lecture videos on "Variance Analysis and Balanced Scorecards" to aid your understanding of our week discussion topics:
Please watch this video on "Managing Labor and Price, and Material Price Variance" to aid your response to our week discussion questions:
Attachment:- Videos.rar