Question

The variance analysis cycle ______. Multiple choice question. begins with the preparation of the budget includes the investigation of all variances begins with the preparation of performance reports is used to assign blame for poor performance

Answer 1

The variance analysis cycle C. begins with the preparation of performance reports.

What is a performance report?

A performance report is at the heart of the variance analysis cycle.

The performance report details the following:

• Calculates the difference between actual and budgeted expenditure and revenue.
• Analyzes the differences into various variances, determining if they are favorable or unfavorable or have no effects.
• Investigates the reasons for the differences.
• Puts the information together and reports to management.

Thus, the variance analysis cycle C. begins with the preparation of performance reports.

Learn more about performance reports and variances at brainly.com/question/13287252