Discuss two advantages and two disadvantages of a standard costing system in which the standard direct labour

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Discuss two advantages and two disadvantages of a standard costing system in which the standard direct labour rates per hour are not changed during the year to reflect events such as a new labour contract (150 words)

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Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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Posted Date: Oct 25, 2020 07:02 AM

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Discuss two advantages and two disadvantages of a standard costing system in which the standard direct labour

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Five of the advantages from a business utilizing a standard cost framework are Improved cost control More helpful data for administrative arranging and dynamics More sensible and simpler stock estimat... View the full answer

Cost Accounting

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