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Describe how standard costs are determined by a manufacturing company. Describe two types of standard cost variances that are used by management to assess both
- Describe how standard costs are determined by a manufacturing company. Describe two types of standard cost variances that are used by management to assess both the efficiency and effectiveness of comparing actual hours to standard hours.
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Accounting Principles Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
8th Canadian Edition
111950242X, 1-119-50242-5, 978-1119502425
