The anticipated costs incurred under normal conditions to produce a specific product or to perform a specific service are:
A. Variable costs.
B. Fixed costs.
C. Standard costs.
D. Product costs.
E. Period costs.
Answer: C. Standard costs.
The anticipated costs incurred under normal conditions to produce a specific product or to perform a specific service are:
A. Variable costs.
B. Fixed costs.
C. Standard costs.
D. Product costs.
E. Period costs.
Answer: C. Standard costs.
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