Standard cost cards are the subsidiary ledger for the Work in Process account in a standard cost system.
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Q15: Normal standards incorporate normal contingencies of production
Q16: Actual costs that vary from standard costs
Q17: Once set normal standards should not be
Q18: In developing a standard cost for direct
Q19: Standard cost + price variance + quantity
Q21: The overhead controllable variance relates primarily to
Q22: The materials price variance is normally caused
Q23: In using variance reports top management normally
Q24: What is a standard cost?
A) The total
Q25: The overhead volume variance relates only to
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