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urgent! due in 5 min ! is this right? Why would a company use standard-derived cost information rather than actual-derived cost information to determine their
urgent! due in 5 min ! is this right? Why would a company use standard-derived cost information rather than actual-derived cost information to determine their product cost? Standard cost information can be used for pricing decisions at any time during a period, whereas actual data can only be used after the period has ended. Standard cost information provides the most accurate information, whereas actual cost information is only an estimate. Standard cost information helps to accurately calculate unit cost for each equivalent unit. A company would NOT choose to use standard cost information because it is too costly and inefficient
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