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Which of the following is one of the purposes of standard costs? To aid in planning, controlling, and cost-volume-profit analysis. To replace budgets and budgeting.

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Which of the following is one of the purposes of standard costs? To aid in planning, controlling, and cost-volume-profit analysis. To replace budgets and budgeting. To use them as a basis for external-reporting purposes. To eliminate having to account for underapplied or overapplied factory overhead. None of these

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