Answered: Standard costs are preset costs for…

Business

Accounting

Standard costs are preset costs for delivering a product or service under normal conditlons. True or False True False

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 5Q: Why are product costs assigned to the product and period costs immediately expensed?

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1
Standard costs are preset costs for delivering a product or service under normal conditions.
True or Felse
True
False

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