FINANCIAL+MANAG.ACCT.(LL)-W/ACCESS
9th Edition
ISBN: 9781264624829
Author: Wild
Publisher: MCG
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Chapter 21, Problem 5QS
To determine
A standard cost card is an itemized list standard amounts which are required to produce a unit of product. A standard cost card has two aspects, one that it reveals the standardized cost that is to be incurred while making a product and also through this benchmark any deviations in the output can be located at the later stages. It enables control over the production and brings uniformity in it.
Standard costs of the product.
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Cost Classifications - Managerial Accounting- Fixed Costs Variable Costs Direct & Indirect Costs; Author: Accounting Instruction, Help, & How To;https://www.youtube.com/watch?v=QQd1_gEF1yM;License: Standard Youtube License