key methods that cost accountants, accounting homework help
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Variances
represent the difference between actual results and the expected results of an
activity or measure. Expected results are often referred to as budgets. One of
the key methods that cost accountants use to measure performance is the
variance of actual performance against that of the budget for the period.
Describe an example of
an activity that you would use variance analysis as a means to measure its
performance over time. Include in your description which risks the use of
variance analysis would pose to ensuring the example stays on track.
Please make this 1-2 paragraphs and in APA format.
Please include a reference page and site sources within the
paper.
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