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During June, the Red Linso Manufacturing Company is considering whether they should implement a standard...

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Accounting

During June, the Red Linso Manufacturing Company is considering whether they should implement a standard costing system for their plant in Omaha. The production manager has been given a task to obtain budgeted input prices and budgeted input quantities. What are the three main sources of this information? Discuss briefly the advantages and disadvantages for each source. (Points : 20)

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