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The following statements have been made in relation to the use of standard costs in rapidly changing environments (1) Variance analysis results will take into
The following statements have been made in relation to the use of standard costs in rapidly changing environments (1) Variance analysis results will take into account important critena such as customer satisfaction or quality of productio (2) Achieving standards is suitable in most modem manufacturing environments Which of the above statement(s) is/are true? oa (1) only Ob. Both (1) and (2) O cNeither (1) nor (2) O d. (2) only
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