What are the benefits of viewing an interim period as an integral part of a larger annual period rather than as a separate distinct period?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 8TP: In your opinion, is it important that an organization set standards and measure them monthly? Why or...
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What are the benefits of viewing an interim period as an integral part of a larger annual period rather than as a separate distinct period?

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