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A standard cost system can strengthen management, cost control, and all of the following ways, except; Management will be able to manage by exception Management
A standard cost system can strengthen management, cost control, and all of the following ways, except;
Management will be able to manage by exception
Management will be able to set standards without input from production workers
The breakdowns of variances into various components help management trace the source of potential cost problems
Timely reporting a variances allows management to take corrective action before cost get out of hand
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