Changes in technology, machinery, or production methods may make past cost data irrelevant when setting standards.
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Q14: Standard costs serve as a device for
Q15: A variable cost system is an accounting
Q16: Normal standards allow for normal production difficulties
Q17: The fact that workers are unable to
Q18: In most businesses, cost standards are established
Q20: Accounting systems that use standards for product
Q21: The variance from standard for factory overhead
Q22: Standards are more widely used for nonmanufacturing
Q23: If the standard to produce a given
Q24: Standards are designed to evaluate price and
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