Traditional standard costs are inappropriate measures for performance evaluation in the "new era" of manufacturing because they
A)build in allowances for non-value-adding activities.
B)are based on historical information.
C)don't reflect current costs.
D)are ideal goals.

Question

Quizplus · Accepted Answer

Traditional standard costs build in allowances for non-value-adding activities, which are no longer appropriate in the "new era" of manufacturing, where the focus is on lean and efficient operations.

Traditional Standard Costs Are Inappropriate Measures for Performance Evaluation in the "New