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Ashford
Managerial accounting
week 4
BUS 630 Week 4 DQ 2 Standard Cost System

BUS 630 Week 4 DQ 2 Standard Cost System

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Standard Cost System Using Chapter 7 of your text as a reference, define a standard cost and explain what constitutes the components of a standard cost.  Describe the advantages and disadvantages of a standard cost system and explain under what circumstances a standard cost system is most effective. Your initial post should be 200-250 words.

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