Solved: How is the material standard developed, Managerial Accounting

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How is the material standard developed

Response to the following problem:

How is the material standard developed? Why are the quantities shown in the bill of materials not always the same quantities shown in the standard cost card?

If possible, please give examples to better understand your response.

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Managerial Accounting: How is the material standard developed

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Managerial Accounting: How is the material standard developed

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