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Standard Grade
standard lamp
standard of living
standard operating procedure
Standard & Poor’s 500
standard solution
standard state
standard time
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World English Dictionary
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standard cost
stan·dard cost (plural stan·dard costs)


noun 
Definition:
 
budgeted cost: the budgeted expenditure of a regular manufacturing process against which the actual cost is measured
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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