Describe the effect of inaccurate standard costs

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Reference no: EM13130586

What are some advantages and disadvantages of standard costs? How do managers determine what the standard cost should be? Describe the effect of inaccurate standard costs on financial reporting.

Reference no: EM13130586

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Describe the effect of inaccurate standard costs : What are some advantages and disadvantages of standard costs? How do managers determine what the standard cost should be? Describe the effect of inaccurate standard costs on financial reporting.

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