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Under the theory of inevitable disclosure,courts:
Theoretical Standards
These are rigorous, often idealized cost and efficiency standards based on perfect operating conditions, used for comparison and performance analysis.
Ideal Standards
Benchmarks used in managerial accounting that represent optimal levels of performance under perfect operating conditions.
Normal Standards
Benchmarks or norms established for a business process or operation that are considered to be a typical or expected level of performance.
Total Manufacturing Cost Variance
The difference between actual manufacturing costs and the standard costs of those manufactured items.
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