A standard cost system initially records manufacturing costs at the standard rather than the actual amount.In a standard cost system,costs are initially recorded at standard amounts,and are adjusted to actual amounts through variances.

Name: A standard cost system initially records manufacturing costs at the standard rather than the actual amount.In a standard cost system,costs are initially recorded at standard amounts,and are adjusted to actual amounts through variances.
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A Standard Cost System Initially Records Manufacturing Costs at the Standard