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Select a product with which you are familiar. Describe what types of standard (direct material and...

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Accounting

Select a product with which you are familiar. Describe whattypes of standard (direct material and direct labor) might be ineffect for the product wherever it is produced. For each of thesestandards, discuss how those standards may become outdated. Howfrequently would you think the company need to evaluate each of thestandards? **Please use different example of the ones we havehere

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The type of standard which is required for one bottle of perfumewould be direct labor and direct material estimated as StandardQuantity or Rate Standard Cost or Hours Standard    See Answer
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