Standard costs have which of the following characteristics? (Check all that apply.) production managers...

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Accounting

Standard costs have which of the following characteristics? (Check all that apply.)
production managers help determine production requirements for a unit of product
they are useful for manufacturing companies, but not service companies
they are used to help management understand reasons for variances
they are preset costs for delivering a product or service under normal conditions
they are developed by the SCAB (Standard Cost Accounting Board)
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