What is the danger involved if a company automatically loosens a standard every time an unfavorable variance

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What is the danger involved if a company automatically loosens a standard every time an unfavorable variance occurs? How often do you think standards should be reviewed for possible revisions? Why is there a danger in frequently revising standards?

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Cost Accounting Using A Cost Management Approach

ISBN: 9780256174809

6th Edition

Authors: Letricia Gayle Rayburn, Martin K. Gay

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Question Posted: Jul 01, 2024 02:02 AM

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What is the danger involved if a company automatically loosens a standard every time an unfavorable variance

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Cost Accounting Using A Cost Management Approach

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