The success of a standard cost system depends on the reliability, accuracy, and acceptance of the standards.
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The success of a standard cost system depends on the reliability, accuracy, and acceptance of the standards. lop2 Required:
a Describe the two standards that must be developed for direct materials cost.
b Describe the two standards that must be developed for direct labor cost.
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Related Book For 
Cost Accounting Concepts And Applications For Managerial Decision Making
ISBN: 9780070103108
2nd Edition
Authors: Ralph S. Polimeni, James A. Cashin, Frank J. Fabozzi, Arthur H. Adelberg
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