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Quickly answer this question. Standard costs: -may be used in job order cost systems but not in process cost accounting systems should be revised upward
Quickly answer this question. Standard costs:
-may be used in job order cost systems but not in process cost accounting systems
should be revised upward when actual costs are higher than expected because of waste and inefficiency
are the same for all companies in a given industry
are the costs that should be incurred to produce a product under normal conditions
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