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What are the interpretations of each phrase

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Question - Pathmark, Incorporated, uses a costing system with standard costs for direct materials, direct labor, and overhead costs. There are two comments frequently mentioned by managers at the company in relation to standard costing and variance analysis: "Variances are not explanations" and "Management's goal is not to minimize variances." What are the interpretations of each phrase?

Reference no: EM132933377

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