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selgnment art Time: 11:32 PM / Remaining: 49 min. CES Question 20 Standard costs may be used by universities governmental age
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Answer #1

The correct option is D.

Standard costing is a costing method, that is used to compare the standard costs and revenues with the actual results so that the additional costs can be identified and eliminated and profitability can be increased.

Thus standard costs can be used by all the organization to analyze its performance and take corrective actions for its improvement.

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