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Standard costs are bases for a proper managerial control of manufacturing operation. Define standard cost and explain the above statement.

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Standard costs are bases for a proper managerial control of manufacturing operation. Define standard cost and explain the above statement.

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Standard Cost Standard cost refers to the predetermined planned or budgeted cost that a company expects to incur in producing a unit of a product or p…View the full answer


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Related Book For  answer-question
Cost Accounting

Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

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Question Details
Chapter # 19- Standard Costing..
Section: Theory Questions
Problem: 4
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Question Posted: September 07, 2023 12:52:26
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