The expected costs per unit of input are called:
A) Standard input
B) Standard prices
C) Standard quantities
D) Standard cost allowed

Question

Quizplus · Accepted Answer

Standard prices represent the expected costs per unit of input. Standard input refers to the amount of input required per unit of output, standard quantities represent the amount of input actually used, and standard cost allowed is the total cost allowed for a particular level of output.

The Expected Costs Per Unit of Input Are Called