One advantage of using a standard costing system is that it:
A) makes the record keeping process more complex and difficult.
B) never requires updating if standard costs have been carefully determined.
C) reduces the amount of information available to a manager.
D) provides managers with information that is useful in making decisions to improve performance.

Question

Quizplus · Accepted Answer

Standard costing systems provide managers with benchmarks for measuring performance, which can help in identifying areas for improvement and making informed decisions.

One Advantage of Using a Standard Costing System Is That