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Short Answer. 1. Once the production variances have been computed, what should the factory manager do next? 2. List 2 advantages of a standard costing

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Short Answer. 1. Once the production variances have been computed, what should the factory manager do next? 2. List 2 advantages of a standard costing system. 3. A company considering adopting the balanced Scorecard approach has chosen "Employee Happiness" as a performance measure. Is this a valid performance measure? Why or why not

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