The total standard cost to produce one unit of product is shown
A) at the bottom of the income statement.
B) at the bottom of the balance sheet.
C) on the standard cost card.
D) in the Work in Process Inventory account.

Question

Quizplus · Accepted Answer

The standard cost to produce one unit of product is typically maintained on a standard cost card, which is a detailed record of the cost elements that make up the standard cost for one unit of product. This information is used by management to control costs and evaluate performance. Therefore, the correct choice is C – on the standard cost card.

The Total Standard Cost to Produce One Unit of Product