a One problem with standard costing and variance analysis is that the standards are set well in advance and can often be several months old. Discuss how a company may overcome this problem b. A company uses ideal standards when setting standard costs for direct materials and direct labour. Explain the ideal standard and briefly discuss three other types efficiency standards and suggest which type might be more useful for operational control purposes
RECOMMENDED!!BUSINESS ASB2305-One problem with standard costing and variance
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