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1 what do we mean by a standard cost any examples that you

1. What do we mean by a "standard cost"? Any examples that you can think of for any type of business?

2. In this context that we're discussing, in plain and simple English, what is a "variance"? Any examples that you can think of for any type of business?

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Business Management: 1 what do we mean by a standard cost any examples that you

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