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Standard costing is commonly used in decision-making. The following statements about standard costing is NOT TRUE. a. Select one: Standard costing is basically calculated on

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Standard costing is commonly used in decision-making. The following statements about standard costing is NOT TRUE. a. Select one: Standard costing is basically calculated on a per unit basis. b. Budgeted cost is more precise than standard cost. C. The standard cost of a product should match the budgeted cost per unit of product. The ultimate impact of standards and budgets are essentially alike. d

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