Explain the nature, role and limitations of standard costing.
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Explain the nature, role and limitations of standard costing.
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Standard costing is a management accounting technique used to establish predetermined costs for materials labor and overhead which are then compared with actual costs to evaluate performance control e...View the full answer
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Related Book For
Accounting An Introduction
ISBN: 9780273733201
5th Edition
Authors: Eddie McLaney, Dr Peter Atrill, Eddie J. Mclan
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