See matching posts in thread - standard deviation...Hello everyon...
See matching posts in thread - Standard deviation...Dear Fellows,...
A unit price established for materials or labor used in standard cost systems
Cost standards determined by measurements and formulas developed by engineers or other experts rather than by estimates or analyses of historical performance. Contrast with Estimated Standards
For financial securities, the standard deviation is considered security volatility, where the mean is the average market performance
1. Any cost computed with the use of pre-established measures (CASB).
A precise description of each work activity specifying cycle time, takt time, the work sequence of specific tasks, and the minimum inventory of parts on hand needed to conduct the activity.
Cost standards determined by judgmental estimates, history, or the experience in other cost centers. Contrast with Engineered Standards
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