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ACCT1064 Final Group Assignment
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Page 1/17

ACCT1064 Final Group Assignment

ACCT1064 - Cost Analysis and Applications

17 Pages Essays / Projects Year: Pre-2018

The report is to provide an insight into Barnes Scuba Diving (BSD) business as a whole and outline the issues relating to controllability and management by using variance analysis; consisting of three parts. The first part gives a definition on variance analysis and some basic calculations of variances relating to revenue and cost performances. This part also includes further discussions on those variances basedon the likelihood of causes, relationships and issues that need to be addressed. The second part distinguishes the benefits and limitations of using variance analysis to evaluate business’ and employees’ performances. Finally, possible and relevant recommendations are proposed to overcome the issues raised in the first part.

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