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QUESTION 9 Which of the following is not true regarding Standard Costing?: a. Standard costing allows for improved cost control. b. Standard costing provides useful
QUESTION 9
Which of the following is not true regarding Standard Costing?:
a. Standard costing allows for improved cost control. b. Standard costing provides useful information for managerial planning and decision making. c. Implementing a standard costing system can be time consuming, labour intensive, and expensive d. Once a standard cost is set, the standard cost is used and cannot be changed for reporting for the rest of the financial yearStep by Step Solution
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