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Which of the following statements in relation to standard costs and quantities is NOT correct? a. A budget provides the expected cost for one unit
Which of the following statements in relation to standard costs and quantities is NOT correct? a. A budget provides the expected cost for one unit of activity b. A standard quantity is the expected quantity of one unit c. A standard cost is the expected cost of one unit d. Standard costs are target costs that should be incurred under efficient (normal) operating conditions
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