An accountant would refer to a cost sheet to perform which of the following actions?
A) Calculate standard cost per unit.
B) Calculate efficiency variances.
C) Calculate the total amount of inputs allowed for the actual output.
D) All of these.

Question

Quizplus · Accepted Answer

A cost sheet includes information on the cost of materials, labor, and overhead used in production, as well as the quantity of these inputs. This information can be used to calculate standard cost per unit, efficiency variances, and the total amount of inputs allowed for a given level of actual output.

An Accountant Would Refer to a Cost Sheet to Perform