Variances from standard costs are usually reported to:
A) suppliers
B) stockholders
C) management
D) creditors

Question

Quizplus · Accepted Answer

Variances from standard costs are usually reported to management. This information helps them in identifying areas of the business where costs can be reduced or processes can be improved to increase efficiency. Reporting variances to suppliers, stockholders, or creditors may not be relevant or useful to them in making business decisions.

Variances from Standard Costs Are Usually Reported To