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Lecture Managerial accounting: Chapter 8 - Weygandt, Kieso, & Kimmel
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Chapter 8 - Performance evaluation through standard costs. After studying this chapter, you should be able to: Distinguish between a standard and a budget, identify the advantages of standard costs, describe how standards are set, indicate the formulas for determining direct materials and direct labor variances, state the formulas for determining manufacturing overhead variances,...
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