Standard costs may be used as a management tool to control costs by

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Moses Kaiser

Business

3 October, 11:43

Standard costs may be used as a management tool to control costs by

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Willow Hudson · Answer 1

Standard costs may be used as a management tool to control costs by:

including standard costs and variances in the general ledger.

excluding standard costs and variances in the general ledger.

By doing this, management could see whether the actual realization of the cost is complying to the company budget or not. If not, the company may need to do some cutting.