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    Business
  3. Study Set
    Cost Accounting Study Set 1
  4. Exam
    Exam 7: Flexible Budgets, Direct-Cost Variances, and Management Control
  5. Question
    When Standards Are Used to Develop a Budget
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When Standards Are Used to Develop a Budget

Question 64

Question 64

Multiple Choice

When standards are used to develop a budget:


A) past inefficiencies are excluded
B) benchmarking must also be used
C) information is available at a low cost
D) flexible-budget amounts are difficult to determine

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