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Variance Analysis: A Management-Oriented Approach
John K. Shank and Neil C. Churchill
The Accounting Review
Vol. 52, No. 4 (Oct., 1977), pp. 950-957
Published by: American Accounting Association
Stable URL: http://www.jstor.org/stable/245595
Page Count: 8
You can always find the topics here!Topics: Sales volume, Cost of sales, Profit analysis, Cost efficiency, Analysis of variance, Prices, Variable costs, Statistical variance, Cost analysis, Flexible budgets
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This paper describes and illustrates an approach to teaching variance analysis which the authors have found to be very effective with their students. The approach is based on the dual ideas of profit impact as a unifying theme and a multi-level analysis in which complexity is added sequentially, one layer at a time. The analysis stops when additional complexity is not outweighed by additional "actionable" insights.
The Accounting Review © 1977 American Accounting Association