Management by exception focuses only on those variances management considers important
2.Management by exception focuses only on those variances management considers important. List three factors that managers use in deciding whether or not to investigate a variance and give an example of each. While the sales manager may be ecstatic to learn he has beaten his sales goal, the production manager may not share that enthusiasm because having more sales than anticipated required overtime for workers and additional maintenance on some machinery. Managers use budgeting to control and evaluate their operations. Two types of budgets that are discussed in chapter 6 are the static budget and the flexible budget. How do the two budgets differ and explain how the flexible budget is used in evaluating performance.
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