Standard material costs,standard labor costs,and standard overhead costs can be obtained from standard cost tables published by the Institute of Management Accountants.

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Arnol Tavarez · Accepted Answer

Final Answer : False, Explanation :  Standard cost tables published by the Institute of Management Accountants do not exist; companies typically develop their own standard costs based on historical data, industry benchmarks, and internal efficiency targets.

Standard material costs,standard labor costs,and standard overhead costs can be obtained from standard cost tables published by the Institute of Management Accountants.

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