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    Business
  3. Study Set
    Cost Accounting
  4. Exam
    Exam 7: Flexible Budgets, Direct-Cost Variances, and Management Control
  5. Question
    To Prepare Budgets Based on Actual Data from Past Periods
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To Prepare Budgets Based on Actual Data from Past Periods

Question 3

Question 3

True/False

To prepare budgets based on actual data from past periods is preferred since past inefficiencies are EXCLUDED.

Correct Answer:

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