Handling Budget Variances In Management
A manager reports that they will slightly exceed their budget to order additional office supplies. How will the company's accounting department most likely respond?
AIt will not be an issue because not all company costs must be budgeted, and the manager does not need to report it to accounting.
BIt will cause significant problems because the entire budget must be recreated from scratch.
CIt will not be a significant issue, as it is simply a budget variance that should be reported to improve forecasting accuracy for the following year.
DIt will cause an issue because expenditures must strictly adhere to the allocated budget.
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