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Mccarthyism and the crucible

24/12/2021 Client: muhammad11 Deadline: 2 Day

MSE608C –Engineering and Financial Cost AnalysisBudgeting and Variance Analysis


A Monthly Budget Variance ReportJune 2005BudgetActualVarianceDirect Labor$50,000$49,896$104Direct Material60,00062,042(2,042)Overhead150,400148,5001,900


Positive and Negative Variances•Definition–Positive Variances= increase profits•They are sometimes called Credit Variances–Negative Variances= decrease profits•They are sometimes called Debit Variances–Positive Variancesare not necessarily good for a company and a Negative Varianceis not necessarily bad.

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