Consider the following statements about variance investigation: BOLDariance investigation involves a look at only unfavorable variances. II.Variance investigation is typically based on a cost-beneﬁt analysis. III.Variance investigation is often performed by establishing guidelines similar to the following: Investigate variances that are greater than $X or greater than Y% of standard cost. Which of the above statements is (are) true?
A)I only.
B)II only.
C)III only.
D)II and III.
E)I, II, and III.

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The Answer of Consider the following statements about variance investigation: BOLDariance investigation involves a look at only unfavorable variances. II.Variance investigation is typically based on a cost-beneﬁt analysis. III.Variance investigation is often performed by establishing guidelines similar to the following: Investigate variances that are greater than $X or greater than Y% of standard cost. Which of the above statements is (are) true?
A)I only.
B)II only.
C)III only.
D)II and III.
E)I, II, and III.

Consider the Following Statements About Variance Investigation: BOLDariance Investigation Involves