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    Business
  3. Study Set
    Accounting
  4. Exam
    Exam 23: Flexible Budgets and Standard Costs
  5. Question
    In a Standard Costing System, Each Item Has a Price
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In a Standard Costing System, Each Item Has a Price

Question 125

Question 125

True/False

In a standard costing system, each item has a price standard and a quantity standard.

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