If They Are to Be Useful to Managers, Variances Should

Multiple Choice

If they are to be useful to managers, variances should be reported:

A) simultaneously to all managers within a week after the end of the month.
B) in dollar amounts as soon as all costs are known.
C) in physical terms or dollar amounts as promptly as feasible.
D) in physical terms and dollar amounts if the variance exceeds 10% of the budget.