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

Option 2: Standard costs can greatly complicate bookkeeping.

Option 3: Standard costs fit naturally in an integrated system of responsibility accounting

Option 4: Standards should be reviewed periodically for their continued relevance.

Reference no: EM132615058

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