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  2. Topic
    Business
  3. Study Set
    Cost Management Strategies
  4. Exam
    Exam 16: Standard Costing, Variance Analysis, and Kaizen Costing
  5. Question
    A Standard Cost Is a Budget for the Production of One
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A Standard Cost Is a Budget for the Production of One

Question 1

Question 1

True/False

A standard cost is a budget for the production of one unit of product or service.

Correct Answer:

verifed

Verified

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