Standard Costs and the Balanced Scorecard - Assignment Point
Standard Costs and the Balanced Scorecard
Subject: Accounting | Topics:

A standard is a benchmark or “norm” for measuring performance. In managerial accounting, standards relate to the cost and quantity of inputs used in manufacturing goods or providing services.Standards are benchmarks or “norms” for measuring performance.  Two types of standards are commonly used.

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Standard Costs and the Balanced Scorecard

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