Favorable variances need not be investigated because they do not cost the company money.
Correct Answer:
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Q1: Employee behavior may be adversely affected when
Q2: Perfection standards can be defined as standards
Q4: Standards should be determined only by the
Q5: The team involved in task analysis might
Q6: Perfection standards may encourage employees to sacrifice
Q7: Practical standards assume the process is as
Q8: Standard costing systems provide information that can
Q9: When computing the direct-material price variance, it
Q10: A manager will be interested in investigating
Q11: Statistical quality control charts plot cost variances
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