Can standard costs be viewed as a proxy for opportunity costs?

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Accounting For Decision Making And Control

ISBN: 9780078136726

7th Edition

Authors: Jerold Zimmerman

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Question Posted: Feb 11, 2024 12:00 AM

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Can standard costs be viewed as a proxy for opportunity costs?

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Yes For example the standard cost of an hour of ma...View the full answer

Accounting For Decision Making And Control

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