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Define a Standard Cost System

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Reference no: EM132426661 , Length: word count:-250

Standard Cost System Assignment

Question 1: define a standard cost and explain what constitutes the components of a standard cost.

Question 2: Describe the advantages and disadvantages of a standard cost system and explain under what circumstances a standard cost system is most effective.

Your initial post should be 200-250 words.

Reference no: EM132426661

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