Question: 3) A standard which represents an efficient level of performance that can be reached under normal expected operating conditions is called ain) a. ideal standard

3) A standard which represents an efficient level of performance that can be reached under normal expected operating conditions is called ain) a. ideal standard b. loose standard. c. tight standard. d. attainable standard 4) If actual costs are greater than standard costs, there is a(n) a. normal variance. b. unfavorable variance. c. favorable variance. d. error in the accounting system

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