Is 'STANDARD COSTING - A costing method that attaches costs to cost objects based on reasonable estimates or cost studies and by means of budgeted rates rather than according to actual costs incurred.' in direct disagreement with the statement 'Standard Costing was applied to the ledger.'
STANDARD COSTING - A costing method that attaches costs to cost objects based on reasonable estimates or cost studies and by means of budgeted rates rather than according to actual costs incurred.###Standard Costing was applied to the ledger.