Why might the use of ideal standards in applying the cost-plus approach to product pricing lead to

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Why might the use of ideal standards in applying the cost-plus approach to product pricing lead to setting product prices that are too low?

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: Sep 05, 2011 09:09 AM

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Why might the use of ideal standards in applying the cost-plus approach to product pricing lead to

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The use of ideal standards might not allow for such ...View the full answer

Accounting

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