The Importance of Variance Analysis for Costs Control in Organizations

Authors

  • L. O. Okoh Department of Business Administration Delta State Polytechnic, Ozoro, Nigeria
  • P. Uzoka Department of Accountancy Delta State Polytechnic, Ogwashi-Uku, Nigeria

Keywords:

Variance analysis, cost control, organizations, management

Abstract

This review aimed at examining the importance of variance analysis for cost
control in organizations. The study x-rayed the concept of variance analysis,
types, sources, objectives and its significance. The study reported that variance analysis has significant influence in evaluating individual performance in organizations, assignment of responsibilities to individuals and assisting management to rely on the principle of management by exception and recommended among others, variances analysis should be based upon scientifically established standards.

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Published

2012-08-01

How to Cite

Okoh, L. O., & Uzoka, P. (2012). The Importance of Variance Analysis for Costs Control in Organizations. International Journal of Economic Development Research and Investment (IJEDRI), 3(2), 21–24. Retrieved from http://icidr.org.ng/index.php/Ijedri/article/view/814

Issue

Vol. 3 No. 2

Section

Articles