In a standard costing system, manufactured goods are recorded at the variable cost that should have been incurred to produce the items.

Name: In a standard costing system, manufactured goods are recorded at the variable cost that should have been incurred to produce the items.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

In a standard costing system, manufactured goods are recorded at the standard cost, which includes both variable and fixed costs that should have been incurred to produce the items.

In a Standard Costing System, Manufactured Goods Are Recorded at the Variable