English, asked by bilalshaiikh1996, 4 months ago

7. The cost of product as determine
under standard cost system is?​

Answers

Answered by Anonymous
5

Answer:

Standard cost systems make use of standard costs, which are the budgeted or estimated costs deemed to be necessary to manufacture a single unit of product or perform a single service. Standards are traditionally established for each component (material, labor, and overhead) of product cost.


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