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    Cornerstones of Managerial Accounting Study Set 2
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    Exam 10: Standard Costing: a Managerial Control Tool
  5. Question
    To Determine Whether Variances Are Significant, Managers Set Control Limits
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To Determine Whether Variances Are Significant, Managers Set Control Limits

Question 29

Question 29

True/False

To determine whether variances are significant, managers set control limits, which represent the acceptable range, plus or minus an allowable deviation.

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