Solution-Identify the impact on variances

Identify the impact on variances

Reference no: EM132828421

Problem 1: Identify the impact on variances with correct reasons in each of the following cases:

1. As demand for the product grows more in the market, many competitors entered in to the market.

2. Purchases for the product are ordered by department of purchase whereas Production department gets low quality materials.

3. Production of units was more than what was budgeted earlier.

4. Purchase of materials from new suppliers

5. Particluar product Sales of the company has significantly reduced from 30 to 10%

6. Production department not functioning properly and not handling materials well

Reference no: EM132828421

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Identify the impact on variances

Reference no: EM132828421

Reference no: EM132828421

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