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Find which of the statements about standard costs is false

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Problem 1: Which of the following statements about standard costs is FALSE?

Option a. As long as standards are viewed by employees as being reasonable, they can promote economy and efficiency.

Option b. Standard costs can greatly complicate bookkeeping.

Option c. Standard costs fit naturally in an integrated system of "responsibility accounting."

Option d. Standards should be reviewed periodically for their continued relevance.

Reference no: EM132615084

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