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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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