8. CSO: 1A1d LOS: 1A1o
One approach for developing standard costs incorporates communication, bargaining, and
interaction among product line managers; the immediate supervisors for whom the
standards are being developed; and the accountants and engineers before the standards
are accepted by top management. This approach would best be characterized as a(n)
a. imposed approach.
b. authoritative approach.
c. engineering approach.
d. participative approach.
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