Question: tandard costs are: ( Multiple Choice ) The available answer choices are: 1 . Actual costs incurred to produce a specific product or perform a

tandard costs are:
(Multiple Choice)
The available answer choices are:
1. Actual costs incurred to produce a specific product or perform a service.
2. Preset costs for delivering a product or service under normal conditions.
3. Established by using management by exception.
4. Rarely achieved.
5. Uniform among companies within an industry.

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