QUESTION 2 Standard costing and budgeting systems create variances which enables managers to use management by exception principles. Which of the following is true about management by exception? O A- Is the same as managing by walking around, which was pioneered by the Japanese. O B- Material price variances can be ignored unless exceptionally high. O C. Variances reduce the number of data points a manager must consider each day. O D. In a union facility, labor usage variances are not controllable QUESTION 3 of.allocating shared costs (overhead) The Cost Accountant has been