Which of the following criticisms of standard costing systems is false?
A) Variances concentrate on results rather than causes.
B) Standard costing systems concentrate on activities.
C) Standard costing systems place too much emphasis on direct labour costs and efficiency.
D) Standard costing systems are too narrowly defined.

Question

Quizplus · Accepted Answer

Standard costing systems do not concentrate on activities, but on the actual costs incurred for materials, labour, and overhead, and the variances between those actual costs and the predetermined standard costs.

Which of the Following Criticisms of Standard Costing Systems Is