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The primary purpose of calculating standard cost variances each period is: A. To achieve financial control regarding operating activities. B. To facilitate the recording of
The primary purpose of calculating standard cost variances each period is:
A. | To achieve financial control regarding operating activities. |
B. | To facilitate the recording of manufacturing costs during a period. |
C. | To adjust reported income to flexible-budget income. |
D. | To diagnose the cause of operating problems as well as what should be done to correct such problems. |
E. | To minimize income tax liabilities. |
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