A standard is a unit amount

A standard is a unit amount - A standard is therefore...

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A standard is a unit amount. A budget is a total amount. A standard is the budgeted cost per unit of product.
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Unformatted text preview: A standard is therefore concerned with each individual cost component that makes up the entire budget....
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This note was uploaded on 12/26/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.

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