11) A standard cost is A) The expected cost, under normal conditions B) Used for...
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Accounting
11) A standard cost is
A) The expected cost, under normal conditions
B) Used for budgeting
C) Both A and B
D) Neither A nor B
12) The standard cost contains
A) Expected labor, materials and manufacturing overhead
B) The highest amounts ever used
C) The lowest amounts ever used
D) No useful information at all
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