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August 28, 2015

Homework Help: Accounting Math

Posted by Tameika on Thursday, June 20, 2013 at 10:41am.

A standard costing system is the traditionally used costing system. It has two main purposes: cost control and product costing. Standard costs are determined by accountants working together with other employees of the organization. Which employees outside of accounting do you think should be an integral part of setting the standard costs for products?

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