The costs normally required to manufacture a product,which are calculated from historical costs and any changes from that,are known as ____.
A)standard costs
B)abbreviated costs
C)known costs
D)estimated costs

Question

Quizplus · Accepted Answer

Standard costs are the normal costs of manufacturing a product; standard costs are calculated from historical data,factoring in any changes in manufacturing that have occurred since the collection of the historical data.

The Costs Normally Required to Manufacture a Product,which Are Calculated