Considering the premise '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.', is 'Standard Costing was applied to the ledger.' a statement that stands on its own?
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.