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Chapter 8 in Horngren's cost accounting 16th edition textbook A company using standard costing allocates fixed cost to each unit produced based on an output

Chapter 8 in Horngren's cost accounting 16th edition textbook A company using standard costing allocates fixed cost to each unit produced based on an output determined before the accounting period begins. Why is this a valuable technique and why, on the other hand, does it give rise to a production volume variance?

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