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Sagot :
The variance analysis cycle C. begins with the preparation of performance reports.
What is a performance report?
A performance report is at the heart of the variance analysis cycle.
The performance report details the following:
- Calculates the difference between actual and budgeted expenditure and revenue.
- Analyzes the differences into various variances, determining if they are favorable or unfavorable or have no effects.
- Investigates the reasons for the differences.
- Puts the information together and reports to management.
Thus, the variance analysis cycle C. begins with the preparation of performance reports.
Learn more about performance reports and variances at https://brainly.com/question/13287252
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