Answer
Two sources of information for computing the budgeted amount in variance analysis are historical data from previous periods and industry benchmarks. Historical data provides insights into past performance, while industry benchmarks offer standards against which to measure current performance.
Work Step by Step
Two sources of information for computing the budgeted amount in variance analysis are historical data from previous periods and industry benchmarks. Historical data provides insights into past performance, while industry benchmarks offer standards against which to measure current performance.
