In setting standard costs,management's expectations are that the standard costs will always be met.

Name: In setting standard costs,management's expectations are that the standard costs will always be met.
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Management's expectations may be that standard costs will always be met, but in reality, there can be variations and deviations from the standards due to various factors such as changes in market conditions, supplier prices, production issues, etc.

In Setting Standard Costs,management's Expectations Are That the Standard Costs