Indicate whether each of the following statements is true or false.
Standards for direct materials and direct labor should be set by a company's accounting department.______
Standards for direct materials and direct labor should be reevaluated frequently in order to remain relevant and useful.______
Historical information is of little use in establishing standards.______
A standard represents what should be,not what is or was.______
Managers should consider behavioral implications when developing standards.______

Question

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The Answer of Indicate whether each of the following statements is true or false.
Standards for direct materials and direct labor should be set by a company's accounting department.______
Standards for direct materials and direct labor should be reevaluated frequently in order to remain relevant and useful.______
Historical information is of little use in establishing standards.______
A standard represents what should be,not what is or was.______
Managers should consider behavioral implications when developing standards.______

Indicate Whether Each of the Following Statements Is True or False