The use of standard times for costing allows the company to do all except which of the following?
A) evaluate quantitative methods
B) evaluate new product proposals
C) evaluate use of new equipment
D) evaluate new techniques for building a product
E) evaluate individual operator proficiency

Question

Quizplus · Accepted Answer

Standard times for costing are primarily used for evaluating the efficiency and cost-effectiveness of production processes, such as new product proposals (B), the use of new equipment (C), and new techniques for building a product (D). They are also used to assess the performance of individual operators (E). However, evaluating quantitative methods (A) is not directly related to the use of standard times for costing, as it involves analyzing numerical data to understand patterns and predict future events, which is broader and not specifically tied to the standard times used in costing.

The Use of Standard Times for Costing Allows the Company