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What is a standard cost? The actual cost incurred to produce a good or service. The amount management thinks that should be incurred to
What is a standard cost? The actual cost incurred to produce a good or service. The amount management thinks that should be incurred to produce a good or service. O The total number of units to be produced times the unit cost expected for production. The total amount that appears on the flexible budget as the cost of producing products.
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
4th Edition
978-0133251241, 9780133427516, 133251241, 013342751X, 978-0133255584
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