Which of the following methods are not used to set standards?
A) Analysis of historical data
B) Analysis of the process of manufacturing a product to determine what it should cost
C) Using data developed when standards were first put in place by the company
D) A combined approach of historical cost analysis and task analysis

Question

Quizplus · Accepted Answer

C is correct because using data developed when standards were first put in place by the company does not inherently involve setting new standards but rather relies on pre-existing ones. The other options (A, B, and D) describe methods that involve analyzing data or processes to establish or adjust standards.

Which of the Following Methods Are Not Used to Set