Suppose you are an accountant in a plant that manufactures thermostats for homes and commercial buildings. You have been asked to set up a standard cost system. Explain how you would determine a standard cost for direct materials for each product line.

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The Answer of Suppose you are an accountant in a plant that manufactures thermostats for homes and commercial buildings. You have been asked to set up a standard cost system. Explain how you would determine a standard cost for direct materials for each product line.

Suppose You Are an Accountant in a Plant That Manufactures