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Standard Costs 4/26/04

Chapter 10. Standard Costs 4/26/04. Predetermined. Used for planning labor, material and overhead requirements. Benchmarks for measuring performance. Used to simplify the accounting system. Standard Costs. Standard Costs are .

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Standard Costs

Standard Costs are. Standard Costs. Based on carefully predetermined amounts. Used for planning labor and material requirements. The expected level of performance. Benchmarks for measuring performance. Management by Exception.

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Standard cost variances - PowerPoint PPT Presentation

Standard Costs 4/26/04

Standard Costs