Additional Analyses 296 Summary 297 Key Words 297 Answers to Progress Checks 298 Multiple Choice Questions 298 Discussion and Analysis 300 Problems 300 Lab 6-1 Evaluate Trends and Outliers—Oklahoma 304 Lab 6-2 Diagnostic Analytics Using Benford’s Law—Oklahoma 311 Lab 6-3 Finding Duplicate Payments—Slainte 317 Lab 6-4 Comprehensive Case: Sampling—Dillard’s 321 Lab 6-5 Comprehensive Case: Outlier Detection—Dillard’s 325 Chapter 7 Managerial Analytics 334 Application of the IMPACT Model to Management Accounting Questions 336 Identify the Questions 336 Master the Data 337 Perform Test Plan 337 Address and Refine Results 338 Communicate Insights and Track Outcomes 339 Identifying Management Accounting Questions 339 Relevant Costs 339 Key Performance Indicators and Variance Analysis 339 Cost Behavior 340 Balanced Scorecard and Key Performance Indicators 341 Master the Data and Perform the Test Plan 345 Address and Refine Results 347 Summary 348