Which of the following is not an advantage of using standards costs? A. Can create cost...
Which of the following is not an advantage of using standards costs?
A.
Can create cost benchmarks
B.
Can simplify the bookkeeping process
C.
Can result in outdated or inaccurate standards
D.
Can be useful in budgeting
Homework Answers
| Option C is the answer | |
|
Standard costs are calculated in advance from last experience and when incurred, actuals are compared to the standards to arrive at the reason for variance Comment if you face any issues |
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Which of the following is not an advantage of using standards
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Multiple Choice
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Multiple Choice
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