The final decision as to what standard cost should be is the responsibility of
A)the quality control engineer.
B)the managerial accountants.
C)the purchasing agent.
D)management.

Question

Quizplus · Accepted Answer

The final decision regarding standard cost is the responsibility of management. This decision should be based on a thorough analysis of production processes, cost trends, and the economic environment. The other individuals listed may play a role in providing input or recommendations, but ultimately it is management's responsibility to make the final decision.

The Final Decision as to What Standard Cost Should Be