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Which of the following statements about standard costing are TRUE? (1) (2) (3) A standard cost is a predetermined estimated unit cost A standard cost

Which of the following statements about standard costing are TRUE? (1) (2) (3) A standard cost is a predetermined estimated unit cost A standard cost can be used as a control device to help improve performance A standard cost card shows the unit cost details only of each product O O 0 0 1, 2 and 3 2 and 3 only 1 and 3 only 1 and 2 only

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