September 2023 Standard Cost System Using Chapter 7 of your text as a reference define a standard cost and explain what constitutes

2024 Ashford BUS 630 Week 4 DQ 2 Assignment Help

Standard Cost System Using Chapter 7 of your text as a reference define a standard cost and explain what constitutes 2023

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. Guided Response: Review several of your classmates’ postings noting the similarities and differences in the effectiveness of a standard cost system. Respond to at least two of your classmates by sharing your professional experiences with standard cost systems or an additional example of when a standard cost system is best utilized. Refrence: Schneider (2012). Managerial accounting: Decision making for the service and manufacturing sectors . (2012). San Diego, CA: Bridgepoint Education.

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