Critically evaluate the usefulness of variance analysis where variances occur due to changes which are beyond the control of the organisation.
Pharma-flex manufactures medical testing kits for sale to healthcare providers. The company has established the following standard mix for producing one batch of a chemical compound required in one of its kits. Chemical Grams Standard cost per gram BD2 84 £3.60 AX4 51 £2.40 YF1 22 £8.10 The compound has a short shelf life and […]