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Standard costs are used in companies for a variety of reasons. Which of the following is NOT one of the benefits of using standard costs?

Standard costs are used in companies for a variety of reasons. Which of the following is NOT one of the benefits of using standard costs?

a

to indicate where changes in technology and machinery need to be made

b

to estimate the cost of inventory

c

to plan direct materials, direct labor, and variable factory overhead

d

to control costs

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a	to indicate where changes in technology and machinery need to be made
b	to estimate the cost of inventory
c	to plan direct materials, direct labor, and variable factory overhead
d	to control costs