Question

standard costing is the preparation of standard costs and their comparison with​

Answer 1

Answer:

Standard cost accounting can be a highly beneficial tool for managers who are attempting to plan a more accurate budget. Accurate budgets could lead to a more profitable and efficient business at the end of the day. This is because a standard costing system provides managers with a projected idea of spending costs. Once these managers can compare standard costs to actual costs, they will be able to determine if new business practices need to be utilized.

Explanation:

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