Statistical control charts establish upper and lower control limits. Observations falling outside these limits or a sequence

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Statistical control charts establish upper and lower control limits. Observations falling outside these limits or a sequence of observations above or below the expected value, even if within the control limits, trigger an investigation. How does this practice conform to our description of how firms use profit variance analysis?

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Managerial accounting

ISBN: 978-0471467854

1st edition

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

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