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Distinguish between perfection standards and practical standards. Which type of standard is likely to produce the best motivational effects? Explain how standard material prices and

  1. Distinguish between perfection standards and practical standards. Which type of standard is likely to produce the best motivational effects?
  2. Explain how standard material prices and quantities may be set using examples from the production of a cricket bat
  3. Explain how and why standard costs are used in product costing

Thank you!

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