DIscussion Post: Variance Analysis
Write an analytical summary of your learning outcomes. In addition to your analytical summary, address the following:
1. As a manager, discuss how you would use or have used the concepts presented.
2. Why might managers find a flexible-budget analysis more informative than static-budget analysis?
3. How might a manager gain insight into the causes of flexible-budget variances for direct materials, labor, and overhead? Provide at least one numerical example to support your thoughts.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.