Page 371 - F2 - MA Integrated Workbook STUDENT 2018-19
P. 371
Standard costing
Test your understanding 1
A standard cost is:
A the planned unit cost of a product, component or service
B the budgeted cost for the level of activity achieved in a budget centre in a
control period
C the budgeted production cost for the level of activity in a budget period
D the budget non-production cost for a product, component or service in a
period
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