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Cost Control Through Standard Costs

Cost Control Through Standard Costs

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Published by: CessBacungan on Nov 18, 2010
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05/12/2014

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Cost Control through Standard Costs Profit Analysis The Use of Standards Definition of Standard Costs Advantages of Standards

Cost Control Cost Management Decision Making Recordkeeping Costs Inventory Valuation The Quality of Standards Revising the Standards Standard Cost Sheet Standards for Materials Materials Price Variance Setting the Price Standard Accounting for Price Variance Causes of the Price Variance Responsibility for the Price Variance Materials Usage Variance Setting the Quantity Factor Accounting for a Usage Variance Causes of the Usage Variance Responsibility for the Usage Variance

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