Question: What two pieces of data are used to develop standard costs? 1) the quantity of input and the cost per unit of input. 2) the

What two pieces of data are used to develop standard costs?

1) the quantity of input and the cost per unit of input.

2) the quality of input and the cost per unit of input.

3) the quantity of input and the cost per unit of output.

4) the quality of input and the cost per unit of output.

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