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    Business
  3. Study Set
    Cost Accounting
  4. Exam
    Exam 7: Flexible Budgets, Direct-Cost Variances, and Management Control
  5. Question
    One Advantage of Using Standard Times to Develop a Budget
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One Advantage of Using Standard Times to Develop a Budget

Question 34

Question 34

True/False

One advantage of using standard times to develop a budget is they are simple to compile, are based solely on the past actual history, and do not require expected future changes to be taken into account.

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