Question: Standard costs are; Rarely achieved, performance goals set for direct materiats, direct labor and overhead Actual costs incurred to produce a specific product of perform

Standard costs are;
Rarely achieved,
performance goals set for direct materiats, direct labor and overhead
Actual costs incurred to produce a specific product of perform a service.
Uniform among companies within an industry.
Established by the IMA.
Standard costs are; Rarely achieved, performance

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