Companies implementing total quality management programs use standard costing to control materials costs.

Name: Companies implementing total quality management programs use standard costing to control materials costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Total Quality Management (TQM) programs often use standard costing as a tool to control materials costs by setting benchmarks or standards for material usage, which helps in identifying variances and areas for improvement in the production process.

Companies Implementing Total Quality Management Programs Use Standard Costing to Control