Test bank cost accounting foundations and evolutions 8e by raiborn chapter 7

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... between total a actual cost and total cost applied for the standard output of the period b standard cost and total cost applied to production c actual cost and total standard cost of the actual input... standard costs based on production output d actual costs of material, labor, and overhead ANS: C DIF: Easy OBJ: 7- 2 A standard cost system may be used in a job order costing, but not process costing... costing b process costing, but not job order costing c either job order costing or process costing d neither job order costing nor process costing ANS: C DIF: Easy OBJ: 7- 1 Standard costs may be used
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