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Which of the following is NOT characteristic of a standard cost system ?: Select one: a. Represents an estimated value based on scientific measurements or

Which of the following is NOT characteristic of a standard cost system ?: Select one: a. Represents an estimated value based on scientific measurements or time and motion studies b. Ensures accurate results in inventory cost information c. It takes into account all the factors of price and efficiency, recognizing that there is an interrelation between all the factors of production. d. Represents an expectation of what should be: what should be

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