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What was the result of St.Augustine's successful mission?
Standard Direct Materials
The predetermined cost and quantity of raw materials expected to be used in manufacturing a product.
Standard Costs
Predetermined or budgeted costs serving as a benchmark for evaluating actual performance and cost control.
Cost Control
The practice of identifying and reducing business expenses to increase profits, involving the analysis and management of cost elements.
Standard Costs
The planned cost of manufacturing a product, which includes material, labor, and overhead costs, used for budgeting and performance evaluation.
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