Which of the following is one of the reasons why companies use standard costs?
A)to enhance customer loyalty
B)to ensure the accuracy of the financial records
C)to share best practices with other companies
D)to make budgeting easier and more efficient

Question

Quizplus · Accepted Answer

Companies use standard costs to make budgeting easier and more efficient by providing a single predetermined cost for each product or service, which can be used as a basis for planning and controlling costs.

Which of the Following Is One of the Reasons Why