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Which of the following statements is correct ? Establishing standards is the least difficult aspect of using a standard cost system. Managers should be praised
Which of the following statements is correct?
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Establishing standards is the least difficult aspect of using a standard cost system.
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Managers should be praised or punished based on variances.
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A favorable variance may indicate the existence of unfavorable conditions.
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Budget slack exists when performance standards are set at an ideal, unachievable level.
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