Standard Cost and Variance Analysis
Complete this following by providing at least 2 reasons why you agree and 2 reasons why you disagree with each of the following author?s statements.
Support your arguments with at least 125 words for each agreement/disagreement.
STATEMENT 1: ?The accounting focus will shift from variance analysis to understanding the underlying cost structure of a product or process, highlighting significant cost trends, identifying cost reduction opportunities and educating operations personnel on the financial impact of their day-to-day decisions.?
STATEMENT 2: ?The analyst?s role will become proactive instead of reactive.?