Business
Business, 08.04.2021 19:40, emokid7822

Which of the following statements best characterizes a properly implemented standard cost system? a. All variances from standards should be fully analyzed.
b. Standards can assist in identifying the factors which cause significant variances.
c. Standard costs involve cost control which, in turn, always results in cost reduction.
d. All significant unfavorable variances should be fully analyzed but significant favorable variances need not be fully analyzed.

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Which of the following statements best characterizes a properly implemented standard cost system? a...

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