Explain standard costing according to backer and jacobsen, Managerial Accounting

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Explain standard costing according to backer and Jacobsen

According to backer and Jacobsen, standard cost is the amount the firm to measure the variation from standard costs their comparison with actual costs and the analysis of variance to their causes and points of incidence.

The terminology of cost accountancy defines standard costing as the preparation and use of standard cost their comparison with actual costs and the analysis of variance of their causes and points of incidence.

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