Standard costing allows management to:
I$\quad $Plan operations
II$\quad $ Monitor Performance
III$\quad $ Control costs

A) I and II only
B) I and III only
C) II and III only
D) I, II, and III

Question

Standard costing allows management to:
 I$\quad $Plan operations
II$\quad $ Monitor Performance
III$\quad $ Control costs

A) I and II only
B) I and III only
C) II and III only
D) I, II, and III

Quizplus · Accepted Answer

Standard costing is a management tool used to plan operations, monitor performance, and control costs by comparing actual costs to predetermined standards, allowing for variance analysis and adjustments.

Standard Costing Allows Management To: I \quad Plan Operations II

Standard Costing Allows Management To:
I $\quad$ Plan Operations
II