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Standard Costing

By Michael Walker,2014-01-12 09:39
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1 Standard Costing A. Standard Costs--standard costs are the predetermined costs of producing a unit of output 1. Recordkeeping--standard costs are used by many companies to determine inventory valuation and cost of goods sold for interim periods 2. Benchmark--standard costs are used by many companies as a goal for employees to strive to ..
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