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Describe 2 types of standard cost variances that are used

Accounting Discussion Question

Describe how standard costs are determined by a manufacturing company. Describe 2 types of standard cost variances that are used by management to assess both the efficiency and effectiveness of comparing actual price to standard price.

The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.

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Accounting Basics: Describe 2 types of standard cost variances that are used

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