Variance Analysis Involves the Steps Listed Below

Multiple Choice

Variance analysis involves the steps listed below. In which order should the steps be performed?
1 Draw conclusions and take action
2 Calculate variances
3 Choose variances for further investigation
4 Identify reasons for variances

A) 1, 2, 3, 4
B) 2, 3, 4, 1
C) 2, 1, 4, 3
D) 2, 4, 3, 1