48 CFR 9904.407-40 - Fundamental requirement.
Standard costs may be used for estimating, accumulating, and reporting costs of direct material and direct labor only when all of the following criteria are met:
(b) Standard costs and related variances are appropriately accounted for at the level of the production unit.
Title 48 published on 2013-10-01
no entries appear in the Federal Register after this date.