In using variance reports to evaluate cost control, management normally looks into: (a) all variances. (b) favorable

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In using variance reports to evaluate cost control, management normally looks into:

(a) all variances.

(b) favorable variances only.

(c) unfavorable variances only.

(d) both favorable and unfavorable variances that exceed a predetermined quantitative measure such as a percentage or dollar amount.

AppendixLO1

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