Question: Question 3 (1 point) Variances from ideal standards should be investigated since they are accurate in depicting unexpected events that have not been already taken

Question 3 (1 point) Variances from ideal standards should be investigated

Question 3 (1 point) Variances from ideal standards should be investigated since they are accurate in depicting unexpected events that have not been already taken into account when standards were set. True False Question 4 (1 point) When preparing the master budget, the cash budget is the first budget in the developing process, often prepared as far back as 6 months. True False Question 5 (1 point) The flexible budget variance measures efficiency rather than effectiveness True False

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