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What are the benefits of standard costs

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Continue budgeting as in the past, i.e. putting more funds to the labor and materials budget. Talk about the problem with Murry to explain his plan and find out whether company head office condones the plan. Dunn must also attempt to assess Murry's reasons to increase the allocated sums. In case Murry gives an unsatisfying reply, Dunn might get in touch with company head office.

Question 1: What are the possible consequences?

Question 2: Flexible Budgets and Standard Costs. What are the benefits of standard costs and how do businesses set those standards?

Reference no: EM132709340

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