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A manager whose bonus compensation is based on favourable cost variances will likely: Underestimate budgeted revenues Overestimate budgeted revenues Underestimate budgeted costs Overestimate budgeted costs

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A manager whose bonus compensation is based on favourable cost variances will likely: Underestimate budgeted revenues Overestimate budgeted revenues Underestimate budgeted costs Overestimate budgeted costs

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