PRACTICE QUESTION: please an 1 & 2 1. List but do not discuss, four advantages of standards

PRACTICE QUESTION: please an 1 & 2

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1. List but do not discuss, four advantages of standards and standard costing. 2. Briefly discuss how you will go about preparing a budget for a General Practitioner Medical Doctor. Concentrate of projected number of patients of 12,000 a year, 10 specialized nurses, 5 nursing aids, Office expenses and Equipment purchases and usage. 1. List but do not discuss, four advantages of standards and standard costing. 2. Briefly discuss how you will go about preparing a budget for a General Practitioner Medical Doctor. Concentrate of projected number of patients of 12,000 a year, 10 specialized nurses, 5 nursing aids, Office expenses and Equipment purchases and usage.

Answer rating: 100% (QA)

1 Cost Control Standards provide a benchmark for evaluating actual performance against expected performance Standard costing helps in identifying any variances between actual costs and standard costs ... View the full answer