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    Managerial Accounting Study Set 8
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    Exam 11: Standard Costs and Variances
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    The Type of Standard That Expects No Waste and No
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The Type of Standard That Expects No Waste and No

Question 76

Question 76

Multiple Choice

The type of standard that expects no waste and no inefficiencies in the production process is referred to as a(n)


A) ideal standard.
B) efficiency standard.
C) realistic standard.
D) practical standard.

Correct Answer:

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