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QUESTIONS 1. List two advantages of a standard cost accounting system 2. Why is standard costing typically not used in a job order costing system?

QUESTIONS

1. List two advantages of a standard cost accounting system

2. Why is standard costing typically not used in a job order costing system?

3. What is meant by the "balanced scorecard" approach?

4. Name the four most commonly employed "perspectives" used in a balanced scorecard approach and then list a specific measure of performance for each perspective.

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