Determine the linkages between the variances

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Reference no: EM13748717

Direct Material Price variance, Direct Material Quantity Variance, Total Direct Material variance

Direct Labor rate variance, Direct labor efficiency variance, Total Direct Labor Variance

Variable Overhead Spending Variance, Variable Overhead efficiency variance ,Total variable Overhead

Variance

Fixed Overhead Budget variance, Fixed Overhead volume Variance

Sales Volume Variance, Sales Price Variance, Actual-static Budget Variance

Market share Variance, Market Size variance, sales Quantity variance for CM

Sales-Mix variance, sales-quantity variance, sales volume variance

1. Given the above variances, what connection might they have to each other? Could the actions of the purchasing agent impact production? Could production issues impact sales? Use some logic based cause and effect tool to determine the linkages between the variances.

2. Why is it critical to identify linkages between the variances?

Reference no: EM13748717

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