Briefly describe the two types of standards on which a standard cost system relies.

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Managerial Accounting

ISBN: 978-0078025518

2nd edition

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

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Question Posted: Jul 17, 2015 02:28 AM

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Briefly describe the two types of standards on which a standard cost system relies.

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A quantity standard is the amount of input that goes into a single unit of product A price stand...View the full answer

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