A management technique that permits managers to concentrate their attention on only those activities that have a significant variance, with the objective of understanding why the variance occurred, is known as:Multiple choice question.management planning and controlexcess variance analysisresponsibility reportingmanagement by exception

Variance analysis allows management to assign responsibility for variances so that:Multiple choice question.action can be taken to correct the situationresponsible employees can be firedreports can be prepared

A performance reporting technique used to communicate explanations of variances to each manager within the organization with an appropriate level of detail or summarization is known as:Multiple choice question.responsibility reportingfinancial reportingsegment reportingmanagerial reporting

Multiple Choice QuestionA performance reporting technique used to communicate explanations of variances to each manager within the organization with an appropriate level of detail or summarization is known as:Multiple choice question.responsibility reportingfinancial reportingsegment reportingmanagerial reporting

When comparing the difference between actual performance and planned activities, the resulting variances are analyzed for the primary purpose of:Multiple choice question.providing a basis for rewarding effective managershighlighting activities that need management attentionblaming those managers who did not meet goalsfinding budgets that have been incorrectly established

Multiple Choice QuestionThe controllable variance is so called because it:Multiple choice question.is used to control employeesignores fixed overhead costs which are uncontrollablerefers to activities usually under management controlrefers to activities not usually under management control