The variance, if used to alert managers before time of the problem is called _________?
Correct answer: D. early warning
- A. varied warning
- B. times warning
- C. managers warning
- D. early warning
Explanation
An early-warning variance signals a developing deviation soon enough for managers to take corrective action. It is not a formal variance category such as a time or manager variance.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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