how do managers and companies set price and quantity standards?

The cost of goods manufactured reported includes all of the following except:...

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QUESTION 7 How do managers and companies set price and quantity standards? O Based on the ideal budget created for the operating division Based on a manager's previous experience at another company O Based on prior period variances. O Based on historical data, industry averages, and the results of process studies QUESTION 8 e Cost of Goods Manufactured Report includes all of the foliowing except: direct materials used e applied manufacturing overhead e direct labor. actual manufacturing overhead