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    Managerial Accounting Study Set 21
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    Exam 8: Budgetary Control and Variance Analysis
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    Small Variances Probably Indicate Random Factors at Work While Large
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Small Variances Probably Indicate Random Factors at Work While Large

Question 11

Question 11

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Small variances probably indicate random factors at work while large variances could signal a permanent change in the operating environment.

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