An advantage of standard costs is that they simplify costing of inventories and reduce clerical costs.

Name: An advantage of standard costs is that they simplify costing of inventories and reduce clerical costs.
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Standard costs provide predetermined costs for specific items, which simplifies the costing of inventories as there is no need to calculate varying costs for each item. This can reduce the amount of clerical work involved in cost accounting.

An Advantage of Standard Costs Is That They Simplify Costing