mathxl.com |? ? Test Salvatore... Take a Quiz/Test MyFIU Your Sets | Quizlet Sch

Question

mathxl.com |? ? Test Salvatore... Take a Quiz/Test MyFIU Your Sets | Quizlet School of Inbox (285) Standard Costsa ques.. ACG 3301 U07 Spring 2018 Salvatore Mignec? 1 4/14/18 12:42 PM Quiz: Quiz 8 - Chapter 11 Time Remaining: 00:20:15 Submit Quiz This Question: 1 pt 9 of 10 (0 complete) This Quiz: 10 pts possible Which of the following is an advantages of using standard costs and variances? O A. Maintaining updated standards is inexpensive. O B. The timeliness that occurs when computing standards monthly. ° C. Standard costs are benchmarks that managers use to judge actual costs. O D. Price and efficiency variances motivate front-line employees more than operational performance measures. Click to select your answer

Explanation / Answer

Some companies assign the expected or standard cost to products as they are manufactured, rather than the actual costs of direct materials and direct labor and applied manufacturing overhead. ... Standard costs are benchmark costs and are useful to compare against actual costs at the end of the period

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.