Question

the standard cost card contains quantities and cost for or
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Answer 1

Answer:

A standard cost card contains an itemization of the standard amounts of materials, labor, and overhead required to create one unit of a product. The card also multiplies the standard cost of each of these line items by the quantities required to arrive at the total standard cost of a product.

Answer 2

The standard cost card contains quantities and cost.

• The standard amounts of supplies, labour, and overhead needed to produce one unit of a product are itemised on a standard cost card. In order to calculate the total standard cost of a product, the card additionally multiplies the standard cost of each of these line items by the quantities needed.
• Estimates of the cost of goods sold, or the price needed to produce your items, are known as standard costs. Direct materials, direct labour, and production overhead are the typical components.
• Budgets and future expense planning are done using standard costing, commonly referred to as standard cost accounting. Because it is simpler to allocate expenses directly to the products being produced, this kind of cost accounting is primarily employed in the manufacturing industry.
• A cost sheet is a declaration that lists the many costs that make up a product's total cost and provides historical data for comparison. Based on the cost sheet, you can determine a product's ideal selling price. Either historical expenses or predicted costs can be used to generate a cost sheet document.

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