Which of the following terms is used to measure the efficiency of production by monitoring and evaluating the actual costs associated with producing goods and services?
A)Time standards
B)Variable costs
C)Utility standards
D)Output standards
E)Operating costs

Question

Quizplus · Accepted Answer

Operating costs are used to measure the efficiency of production by evaluating the actual costs associated with producing goods and services.

Which of the Following Terms Is Used to Measure the Efficiency