The documents used in a standard cost system in clude the bill of materials, which contains

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The documents used in a standard cost system in¬ clude the

• bill of materials, which contains all quantity and quality raw material specifications to make one unit (or batch) of output.

• operations flow document, which contains all la¬ bor operations necessary to make one unit (or batch) of output or perform a particular seivice.

• standard cost card, which summarizes the stan¬ dard quantities and costs needed to complete one unit of product or perform a particular service.

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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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The documents used in a standard cost system in clude the bill of materials, which contains

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Cost Accounting Foundations And Evolutions

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