Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following statement is not true about normal standard? a. In establishing normal standards, allowance is given to normal waste and scrap O
Which of the following statement is not true about normal standard? a. In establishing normal standards, allowance is given to normal waste and scrap O b. Normal standards can be applied for absorption of overheads for a long period of time c. Normal standards are meant to eliminate fluctuations caused by trade cycle O d. Normal standards are anticipated for future specified budget period
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started