The use of standard costs is suited to organisations which produce highly customised goods or services.

Name: The use of standard costs is suited to organisations which produce highly customised goods or services.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Standard costs are more suited to organizations with repetitive operations or mass production, where costs can be predicted with some accuracy, rather than to those producing highly customized goods or services, which often have variable costs.

The Use of Standard Costs Is Suited to Organisations Which