In highly automated companies, the standard cost sys tem can use only two elements of production

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In highly automated companies, the standard cost sys¬ tem can use

• only two elements of production cost, direct ma¬ terial and conversion.

• ideal standards rather than expected or practical standards.

• fixed overhead rates based on theoretical capac¬ ity rather than expected, normal, or practical capacity.

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Cost Accounting Foundations And Evolutions

ISBN: 9780324235012

6th Edition

Authors: Michael R. Kinney, Jenice Prather-Kinsey, Cecily A. Raiborn

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Question Posted: Jun 27, 2024 02:05 AM

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In highly automated companies, the standard cost sys tem can use only two elements of production

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Cost Accounting Foundations And Evolutions

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