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Standard costing is a separate system in accounting

Wheather it is correct or not that standard costing is a separate system in accounting?

E

Expert

Verified

No, it is only a method that is employed with the purpose of controlling cost. It can be employed in all techniques of costing such as job costing, process costing, and so forth however it is more helpful in those firms where standard costs are generated on incessant basis.

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