REPUBLIC ACT NO. 7916
Republic of the Philippines
Congress of the Philippines
Third Regular Session
Began and held in Metro Manila, on Monday, the twenty-fifth
day of July, nineteen hundred and ninety-four.
[REPUBLIC ACT NO. 7916]
Republic Act No. 9994
AN ACT GRANTING ADDITIONAL BENEFITS AND PRIVILEGES TO
SENIOR CITIZENS, FURTHER AMENDING REPUBLIC ACT NO. 7432, AS
AMENDED, OTHERWISE KNOWN AS "AN ACT TO MAXIMIZE THE
CONTRIBUTION OF SENIOR CITIZENS TO NATION BUILDING, GRANT
Define standards and discuss how they are developed.
Explain the difference between actual, normal, and standard costing.
Understand the uses of standard costing.
Explain the establishment of direct ma