When manufacturing firms adopt advanced manufacturing methods, they totally discontinue their use of standard costing.

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Advanced manufacturing methods often coexist with standard costing practices. Firms may adapt their costing methods to incorporate efficiencies or innovations from advanced manufacturing, but they do not necessarily discontinue the use of standard costing altogether. Standard costing remains a valuable tool for budgeting, cost control, and performance evaluation.

When Manufacturing Firms Adopt Advanced Manufacturing Methods, They Totally Discontinue