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Management · Q473

Management Accounting

Graduate and Post Graduate · Management · question 473

Q473

The term 'standard cost' refers to the

A.
average unit cost of product produced in the current period
B.
budgeted unit cost of product produced in a particular period
Answer
C.
average unit cost of product produced by other companies
D.
average unit cost of product produced in the previous period

Answer: Option B

Solution

Answer: Option B
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