Question: A standard cost: Select one: a. is the true cost of a unit of production. O b. is a budget for the production of one

A standard cost: Select one: a. is the "true" cost of a unit of production. O b. is a budget for the production of one unit of a product or service. O c. None of the other answers are correct. O d. is normally the average cost within an industry. O e. is almost always the actual cost from previous years

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