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Barbra Wells, the financial accountant at Digicel Ltd is considering implementing a standard costing system. She has asked your advice on the following: a) Setting

Barbra Wells, the financial accountant at Digicel Ltd is considering implementing a standard costing system. She has asked your advice on the following:

a) Setting standards

b) Investigating variances

c) Taking corrective action on large variances

You are required to:

Submit a short report for Bill addressing these three areas.

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