A continuous improvement budgeted cost, in terms of variances and standard costs

Group of answer choices

ensures that managers will avoid unfavourable materials $($or labour$)$ variances that are due to external factors.

is held constant regardless of external factors, thus enabling management to isolate internal variance factors.

is achieved as easily for older, more established production runs, as for for new products.

is easier to achieve for older, more established production runs, than for new products.

is successively reduced over succeeding time periods.