Standard Costing and Information Technology/Variance Analysis and Activity-Based Costing (Discussion questions)

1)  Standard Costing and Information Technology” Please respond to the following: (140 words appx)

• Suggest How UPS management can use the real-time variance data analysis to improve operations.

•Evaluate the potential risk that management may encounter by relying on the real-time data, without further investigation

2) “Variance Analysis and Activity-Based Costing” Please respond to the following: (140 words appx)

•Suggest how management can utilize variance analysis in improving the efficiency of activities during the manufacturing process.

•Create a plan to address efficiency variances at the batch level during the manufacturing process