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Why do companies prefer to use standard costs instead of actual costs to determine product costs ?

Accounting Cost Accounting Cost Center Accounting Financial Management Costing
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Question added by Deleted user
Date Posted: 2014/08/28
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MUDDASSER ALI
by MUDDASSER ALI , Manager Accounts , M/s Ghulam Muhammad & Sons (GMS (Pvt) Ltd). (Autoparts Manufacturing Concern)

To determine the standars and then for comparision between Actual & Applied,Which leads to Variance anaylsis and help management to control Cost

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