The 'Real life' on page 504 explains how standard costing systems may be adopted to better suit

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The 'Real life' on page 504 explains how standard costing systems may be adopted to better suit managers' decision needs. This includes using different definitions of standard costs to suit different types of decisions. Provide some examples to explain what definitions of standard costs might be suitable for
(a) Producing a one-off production order and
(b) Evaluating the performance of a production supervisor?
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Management Accounting

ISBN: 9781760421144

7th Edition

Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton

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