Which of the following is not an advantage of standard costing over normal costing and actual...
Which of the following is not an advantage of standard costing over normal costing and actual costing?
a.Computing a unit cost for each equivalent unit cost category is not necessary.
b.A greater capacity for control.
c.Providing for readily available unit cost information.
d.Ability to easily distinguish the FIFO and weighted average methods of accounting for beginning inventory costs.
e.All of these are advantages of standard costing.
Homework Answers
Answer- The following is not an advantage of standard costing over normal costing and actual costing = Ability to easily distinguish the FIFO and weighted average methods of accounting for beginning inventory costs (Option d).
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