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  3. Study Set
    Cornerstones of Managerial Accounting Study Set 2
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    Exam 10: Standard Costing: a Managerial Control Tool
  5. Question
    Historical Experience May Provide an Initial Guideline for Setting Standards
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Historical Experience May Provide an Initial Guideline for Setting Standards

Question 46

Question 46

True/False

Historical experience may provide an initial guideline for setting standards, but it should be used with caution.

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