Setting standard costs is relatively simple because it is done entirely by accountants.

Name: Setting standard costs is relatively simple because it is done entirely by accountants.
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Quizplus · Accepted Answer

Setting standard costs is not just done by accountants. It requires input and collaboration from various departments including production, purchasing, and engineering. The accountants may provide guidance on the financial aspects of setting standard costs, but the process involves cross-functional teams.

Setting Standard Costs Is Relatively Simple Because It Is Done