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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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