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Essay Details:
Essay text:
This year, the division has a favorable operating income variance of $71,700.
Highlights:
· Jim Peterson, president of the ice cream division, asked Frank, vice-president of the Sales and Marketing of the Ice Cream Division to make a short presentation at the next management meeting commenting on the major reasons for the favorable operating income variance of $71,700
· Using the newly installed financial planning and control system, Peterson wanted to illustrate to the management group how this new software can analyze the profit variance and highlight those areas needing corrective attention as well as those deserving a pat on the back...
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