One of the main criticisms of standard costing systems is that it tends to focus too heavily on cost minimisation.

Question

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Standard costing systems place significant emphasis on cost minimisation, often at the expense of other important factors such as quality and customer satisfaction. This can lead to a narrow focus on short-term financial performance and the use of cost-cutting measures that may negatively impact the long-term viability of the business.

One of the Main Criticisms of Standard Costing Systems Is