Standard Cost and Variance Analysi
Complete this following by providing at least 2 reasons why you agree and 2 reasons why you disagree with each of the following author’s statements
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Support your arguments with at least 125 words for each agreement/disagreement.
STATEMENT 1: “The accounting focus will shift from variance analysis to understanding the underlying cost structure of a product or process, highlighting significant cost trends, identifying cost reduction opportunities and educating operations personnel on the financial impact of their day-to-day decisions.”
STATEMENT 2: “The analyst’s role will become proactive instead of reactive.
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