Question: A standard cost system ______. Multiple select question. can be used with either a job-order or process cost system records standard costs in the formal

A standard cost system ______. Multiple select question. can be used with either a job-order or process cost system records standard costs in the formal accounting records does not record standard cost variances in the formal accounting records simplifies the determination of equivalent-cost in a process cost system can be used by manufacturing but not service entities

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