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How does a standard cost system produce cost savings in record keeping? No special calculations are needed to produce actual costs during a period. Line
How does a standard cost system produce cost savings in record keeping?
No special calculations are needed to produce actual costs during a period.
Line managers do not need to monitor variances.
Increased employee morale contributes to greater accuracy.
Less variances equate to less record keeping.
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
12th edition
1305041399, 1285078586, 978-1-133-9524, 9781133952428, 978-1305041394, 9781285078588, 1-133-95241-0, 978-1133952411
