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Which of the following is a problem that could be encountered when using standard costs? a. Efficiency could be enhanced by permitting a management-by-exception approach.
Which of the following is a problem that could be encountered when using standard costs?
a. | Efficiency could be enhanced by permitting a management-by-exception approach. | |
b. | Standard costs help facilitate responsibility accounting. | |
c. | Focusing solely on standards may impede an organizations efforts toward continuous improvement. | |
d. | Standard costs can simplify an organizations bookkeeping process. |
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