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Which of the following conditions normally would not indicate that standard costs should be revised? a.The company has signed a new union contract that increases
Which of the following conditions normally would notindicate that standard costs should be revised?
a.The company has signed a new union contract that increases the factory wages on average by $3.50 an hour.
b.Actual costs differed from standard costs for the preceding week.
c.The average price of raw materials increased from $4.68 per pound to $4.82 per pound.
d.The Engineering Department has revised product specifications in responding to customer suggestions.
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