While setting standards, managers should never allow for spoilage or machine breakdowns in their calculations a. True b. False It is correct to rely exclusively on past cost data when establishing standards. a. True b. False It is correct to rely exclusively on past cost data when establishing standards. a. True b. False The primary purpose of a stock split is to reduce the number of shares outstanding in order to encourage investors to enter the market for the company's shares. a. True b. False Standards are set for only direct labor and direct materials. a. True b. False If employees are given bonuses for exceeding normal standards, the standards may be very effective in motivating employees. a. True b. False