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in a factory that produces personal computers, standard costs are often used for direct materials, direct labor, and variable overhead, at the unit level. Resource usage that can be traced exactly to what is to be produced is referred to as direct.
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Earn +20 ptsQ: What is an example of how a standard cost is established?
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What is an example of a standard cost card?
Please see the links.
What is a synonym of standard?
classic, recognized, established, popular
Difference between standard cost actual cost and normal cost?
prices
What do you mean by labor cost variance?
Labor cost variance means the difference between standard labor cost and actual labor cost.
How do you find standard notation?
Standard notation is easy to find because it is everywhere. Standard notation is what you read in writing for example.
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