A Standard Cost Represents the

A standard cost represents the

A) benchmark cost incurred by a company's competitors to produce the company's product.
B) budgeted cost to manufacture one unit of product or service.
C) actual cost to manufacture one unit of product or service minus all unfavorable cost variances.
D) budgeted variable cost to manufacture one unit of product or service.
E) process of determining the standard-to-actual differences and assessing whether those differences are favorable or unfavorable.