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Which of the following relates to management accounts and which to financial accounts?

Management accounts Financial accounts

Prepared yearly

For internal use

Contains future information

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Chapter1Accountingformanagement

Management accounts Financial accounts

Prepared yearly 对

For internal use 对

Contains future information 对

多做几道

Explain what is meant by standard costing

Explain what is meant by a standard cost

Describe four types of standard.

Explain what is meant by a standard hour.

Give five possible sources of information from which a standard materials price may be estimated.

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