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A statistical control chart is best used for determining: A. direct-material price variances. B. direct-labor variances. C. whether a variance is favorable or unfavorable. D.

A statistical control chart is best used for determining:

A. direct-material price variances.

B. direct-labor variances.

C. whether a variance is favorable or unfavorable.

D. who should be held accountable for specific variances.

E. whether a particular variance should be investigated.

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