A managerial accountant
1) does not participate in the standard setting process.
2) provides knowledge of cost behaviors in the standard setting process.
3) provides input of historical costs to the standard setting process.
A) 1
B) 2
C) 3
D) 2 and 3

Question

Quizplus · Accepted Answer

Managerial accountants play a crucial role in the standard setting process by providing insights on cost behaviors and input of historical costs, which help in making informed decisions and setting realistic standards.

A Managerial Accountant 1) Does Not Participate in the Standard Setting Process