'l.The best characteristics of a standard cost system is * O t. all variances from standard should be reviewed 0 B. standard can pinpoint responsibility and help motivation 0 I3. all significant unfavorable variances should be reviewed 0 D. standard cost involves cost control which is cost reduction 2. Standard costs are used for all of the following except: * O A. controlling costs 0 B. forming a basis for price setting 0 C. income determination O D. measuring efficiencies 1 poirrt 1 point