According to standard cost is ldquo a predetermined cost nbs...........

Costing - Phase (I & II) Methods of Costing

According to _______ standard cost is “a predetermined cost which is calculated from management’s standards of efficient operation and the relevant necessary expenditure.”

James

ICWA London

ICWAI

Batty

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Explanation:

Standard cost is a predetermined cost of performing an operation or producing a good or service, under normal conditions.

According to ICWA London,Standard cost is “a predetermined cost which is calculated from management’s standards of efficient operation and the relevant necessary expenditure.”