Question

A standard cost system may be used in

Answer 1

Answer:

Standard costing system may be used in both job order costing and process costing. Standards may be established for materials, labor, and factory overhead. In an actual cost system, all manufacturing costs are recorded at actual costs.

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Answer 2

Answer:

Standard costing system may be used in both job order costing and process costing. Standards may be established for materials, labor, and factory overhead. In an actual cost system, all manufacturing costs are recorded at actual costs.