Standard cost systems help managers budget and control costs are rarely used in practice in well-established businesses are based on what managers think costs should be help maintain consistency and quality

Standard cost systems help managers budget and control costs are rarely used in practice in well-established businesses are based on what managers think costs should be help maintain consistency and quality

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Standard cost systems
help managers budget and control costs
are rarely used in practice in well-established businesses
are based on what managers think costs should be
help maintain consistency and quality

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D
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