7. In a standard costing system, standard costs eventually flow into the A) Cost of Goods Sold account. B) Standard Cost account. C) Selling and Administrative Expenses account D) Sales account 8. Service organizations do not develop standards for A) any service costs. B) overhead. C) direct materials D) labor 9. A standard costing system A) is not typically used by management for cost planning and cost control purposes. B) is a system in which all costs affecting the three inventory accounts and the Cost of Goods Sold account are stated in terms of actual costs incurred. C) depends on actual costs rather than planned costs. D) is employed with an existing job order costing or process costing system and is not a full cost accounting system in itself