Cost Accounting, Student Value Edition Plus MyAccountingLab with Pearson eText -- Access Card Package (15th Edition)
Cost Accounting, Student Value Edition Plus MyAccountingLab with Pearson eText -- Access Card Package (15th Edition)
15th Edition
ISBN: 9780133781106
Author: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
Publisher: PEARSON
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Chapter 15, Problem 15.10Q
To determine

Cost Accounting Standards:

The cost accounting standards are the standards set by a board which is called as the Cost Accounting Standard Board. These standards are made to achieve the uniformity and consistency in regard to the identification, assignment, and allocation of the costs.

To explain: The role played by the cost accounting standards board when the companies contract with the government of U.S.

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