Module 08: Evaluating Variance from Standard Costs

Module 08 Discussion

Evaluating Variance from Standard Costs

Discuss the importance of evaluating
variances from standard costs in managerial accounting. What are some
reasons for variances, and how can they be addressed?

Directions:

• Discuss the concepts, principles, and theories from your textbook.
  Cite your textbooks and cite any other sources if appropriate.
• Your initial post should address all components of the question with a 500 word limit.
• Reply to at least two discussion posts with comments that further and advance the discussion topic.