Which of the following is not an advantage of standard costing over normal costing and actual costing?
A) A greater capacity for control.
B) Ability to easily distinguish the FIFO and weighted average methods of accounting for beginning inventory costs.
C) Computing a unit cost for each equivalent unit cost category is not necessary.
D) Providing for readily available unit cost information.
E) All of these are advantages of standard costing.

Question

Quizplus · Accepted Answer

There is no need to distinguish between the FIFO and weighted average methods of accounting for beginning inventory costs.

Which of the Following Is Not an Advantage of Standard