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Is it possible for a retail store such as Apple to use variances in analyzing its...

Is it possible for a retail store such as Apple to use variances in analyzing its operating performance? Explain.
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Answer #1

Yes it is very useful in case of Retail business as well..

They can use sales variances for improving their operational performance by analaysing those varainces set by management to increase thier sales.

They can use Profit varainces for imporiving their operational performance by analaysing those profit targets set by management to increase thier profit targets.

They can use Cost varainces for imporiving their operational performance by analaysing those Cost targets set by management to reduce thier cost targets.

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