Which of the following is NOT a disadvantage of standard costing?
A) Standard costing must change as conditions change
B) Standard costs are not useful for certain types of businesses
C) The setting of standard costs requires an analysis of cost behavior and a determination of the components of manufacturing overhead costs
D) It is easy to misinterpret the causes of a variance because so many factors are involved
Correct Answer:
Verified
Q35: To prevent quantity variances from being influenced
Q36: The difference between the standard price and
Q37: A favorable materials price variance would occur
Q38: Which variance compares actual inputs used at
Q39: The variance computed by multiplying the difference
Q41: A segment margin income statement typically includes
Q42: Exhibit 19-1 The following information relates to
Q43: Exhibit 19-1 The following information relates to
Q44: Exhibit 19-2 The following information relates to
Q45: Exhibit 19-2 The following information relates to
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