Management usually sets a variance investigation policy such as Investi- gate all variances greater than $10,000 or

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Management usually sets a variance investigation policy such as "Investi- gate all variances greater than $10,000 or 20 percent of the budgeted amount for the item." Why would management use such a rule when statistical rules give a more precise answer?

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Cost Accounting

ISBN: 9780256069198

3rd Edition

Authors: Edward B. Deakin, Michael Maher

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