Why does standard costing make process costing more clerically and computationally efficient?

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Cost Accounting Foundations and Evolutions

ISBN: 978-1111626822

8th Edition

Authors: Michael R. Kinney, Cecily A. Raiborn

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Question Posted: Jul 24, 2012 03:43 AM

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Why does standard costing make process costing more clerically and computationally efficient?

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Under a standard costing system the Raw Material InProcess and Finished Goods Inventory accounts ar...View the full answer

Cost Accounting Foundations and Evolutions

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