Question: Briefly explain the rationale behind the balanced scoreboard concepts. Provide at least two advantages and two disadvantages of standard costing. Provide at least two similarities

  1. Briefly explain the rationale behind the balanced scoreboard concepts.
  2. Provide at least two advantages and two disadvantages of standard costing.
  3. Provide at least two similarities and two differences between job order and process costing.
  4. Describe how to differentiate between relevant costs and irrelevant costs. Provide examples of each.

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