Discuss disadvantages of using a standard cost system

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Reference no: EM131881467

Question: 1) Discuss potential disadvantages or limitations of using a standard cost system

2) Compare the relative merits of usage standards based on: · The company's normal, expected conditions and experience, versus · Product engineers' technical specifications for required materials and industrial engineers' workplace studies of the time required to perform manufacturing activities.

Reference no: EM131881467

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