Question: B MC Qu . 8 - 1 0 2 ( Static ) Which of the following statements is correct? Which of the following statements is

B MC Qu.8-102(Static) Which of the following statements is correct?
Which of the following statements is correct?
Multiple Choice
A favorable variance may indicate the existence of unfavorable conditions.
Managers should be praised or punished based on variances.
Budget slack exists when performance standards are set at an ideal, unachievable level.
Establishing standards is the least difficult aspect of using a standard cost system.

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