Question: When calculating the standard cost for producing a good or service, most management analysts suggest that you should use: Option A the cost of competitors.

When calculating the standard cost for producing a good or service, most management analysts suggest that you should use:
Option A
the cost of competitors.
Option B
costs that are reasonable, but challenge the production departments.
Option C
an average of past costs.
Option D
costs that occur when operating conditions are ideal.

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