Tag: Director of Icenice
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Critically evaluate the usefulness of variance analysis where variances occur due to changes which are beyond the control of the organisation.
Required a) Calculate the total usage, mix and yield variances for the compound. (11 marks) b) On investigation of the variances, some managers refused to discuss the results on the basis that the price of chemical BD2 has increased by 4% since the standards were set. This price increase was the result of an unexpected…