How can they be used in the creation of a forecast

Reference no: EM133407026

Questions:

1 Discuss the usage and creation of standard costs by your operation. How are these costs developed? How can they be used in the creation of a forecast? How can these be used in an individual or organizational measurement system?

2 Discuss a current business activity that you or your department does that could be improved by leveraging Variance Analysis. Discuss the perspective you could gain, and what a favorable price and a favorable quantity variance mean in this application.

Reference no: EM133407026

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