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The American Heritage Dictionary of Business Terms » standard cost
standard cost
standard cost definition - business
standard cost
The estimated cost of manufacturing something. Standard cost is frequently used to calculate the cost of a firm's inventories.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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