Standard costs are developed by the cooperative effort of purchasing,production,human resources,and accounting personnel.

Question

Quizplus · Accepted Answer

Standard costs are developed through a collaborative effort of various departments within an organization, including purchasing, production, human resources, and accounting. Each department provides input and insights to ensure that the standard cost accurately reflects the cost of producing a good or service.

Standard Costs Are Developed by the Cooperative Effort of Purchasing,production,human