Cornerstones of Managerial Accounting Study Set 1
Quiz 10: Standard Costing: a Managerial Control Tool
These Reflect the Amount That Should Be Paid for the Quantity
These reflect the amount that should be paid for the quantity of input to be used.
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This is the standard plus the allowable deviation when determining whether variances are significant.
This reflects the planned improvement that is set,which will help reduce non-value-added costs.
These reflect the amount of input that should be used per unit of output.
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