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A feature of a standard-costing system is that the costs of every product or service planned to be worked on during the period can be
A feature of a standard-costing system is that the costs of every product or service planned to be worked on during the period can be computed at the start of that period. This feature of standard costing makes it possible to maintain actual costs as an integral part of the costing system. use a simple recording system. eliminate routine reports. justify eliminating the budgeting process.
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