Value-added costs equal standard quantity times
A)non-value-added costs.
B)currently attainable standards.
C)standard price.
D)actual price.

Question

Quizplus · Accepted Answer

Value-added costs are calculated by multiplying the standard quantity of inputs required for actual production by the standard price of those inputs. This reflects the efficient cost of inputs used in the production process.

Value-Added Costs Equal Standard Quantity Times