What is standard costing and how would you distinguish it from budgetary control?
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What is standard costing and how would you distinguish it from budgetary control?
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Standard Costing Standard costing is a cost accounting technique used by businesses to establish predetermined or standard costs for various elements of their operations such as materials labor and ov...View the full answer
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I graduated from Maseno University with a Bachelor of Science in Applied Statistics. After graduation, I started tutoring students in mathematics. My experience in mathematics education is extensive and varied. I have taught a wide range of topics, including algebra, geometry, trigonometry, calculus, statistics, probability, and computer science. I have also worked with students of all ages and backgrounds, from elementary school to college.
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