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Standard costs are said to be useful in performance evaluation. Assume that the standard direct materials cost per unit of finished product is $6
Standard costs are said to be useful in performance evaluation. Assume that the standard direct materials cost per unit of finished product is $6 (three pounds at $2 per pound) Required: A. Explain how such a standard can be used to evaluate performance B. Why is the degree of controllability important when utazing standard costs to evaluate performance?
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Cost Accounting Foundations and Evolutions
Authors: Michael R. Kinney, Cecily A. Raiborn
9th edition
9781285401072, 1111971722, 1285401077, 978-1111971724
