Standard costs include the quantity and price of inputs for each unit of product. These inputs include
A) delivery costs
B) marketing costs
C) accounting costs
D) overhead costs

Question

Quizplus · Accepted Answer

Standard costs typically only include the quantity and price of direct inputs such as materials, labor, and manufacturing overhead. Delivery costs and marketing costs are considered indirect costs and are not typically included in standard costs. Accounting costs are administrative costs and are also not typically included in standard costs.

Standard Costs Include the Quantity and Price of Inputs for Each