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Why is variance analysis important in standard costing?a)It helps determine the difference between actual cost and standard costb)It provides insights into cost control and performance evaluationc)It enables the identification of causes and corrective actions for variancesd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Why is variance analysis important in standard costing?a)It helps determine the difference between actual cost and standard costb)It provides insights into cost control and performance evaluationc)It enables the identification of causes and corrective actions for variancesd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why is variance analysis important in standard costing?a)It helps determine the difference between actual cost and standard costb)It provides insights into cost control and performance evaluationc)It enables the identification of causes and corrective actions for variancesd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.

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