When considering the significance of cost variances, managers should not consider

A) relative size of the variances.
B) recurring variances.
C) the trends of the variances.
D) favourable or unfavourable status of the variances.

Cost Variances

Cost Variances are the differences between expected costs and actual costs incurred, analyzed in budgeting and accounting to control expenses.

Relative Size

An assessment of an entity's size compared to other entities in the same context, such as a company's market share relative to its competitors.

Recurring Variances

Variances that occur regularly or repeatedly over time, often indicating a systematic issue within a process or system.