Budgeting and Standard cost systems 1. – What advantages might be experienced b
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Budgeting and Standard cost systems
1. – What advantages might be experienced by a company if it adopts ideal standards for its direct material standards and direct labor standards?
2.- What are some of the advantages of using practical standards?
3.- As an employee, which would you prefer and why? If you are a production manager, would you change your answer to this question? Why or why not?