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Explain price, efficiency, intensity, and volume variances. What do they measure and what impact does...

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Accounting

Explain price, efficiency, intensity, and volume variances. What do they measure and what impact does the manager have on this aspect of financial operations? How do managers determine which variances should be investigated?

Explain the purpose of financial ratios and what issues should be considered when using them for comparing organizations? Explain the purpose and difference types of benchmarking.

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