When using standard costing,costs are transferred through the production process at their standard costs.

Name: When using standard costing,costs are transferred through the production process at their standard costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Standard costing transfers costs through the production process at their predetermined standard costs rather than their actual costs. This allows for better cost control and easier cost comparison between periods.

When Using Standard Costing,costs Are Transferred Through the Production Process