Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

All of the following statements concerning standard costs are correct except that ?

A. Time and motion studies are often used to determine standard costs.

B. Standard costs are usually set for one year.

C. Standard costs can be used in costing inventory accounts.

D. Standard costs are usually stated in total, while budgeted costs are usually stated on a per-unit basis.

user-image
Question added by Deleted user
Date Posted: 2015/03/19
Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

D. Standard costs are usually stated in total, while budgeted costs are usually stated on a per-unit basis.

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

D is the correct answer

thank you  

IMRAN ALI MOHAMMED
by IMRAN ALI MOHAMMED , Accounts Officer , M/s. Euro Glazing Ltd

Its D

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option   >>>>>>>>>>>>>>>>>>>> D. Standard costs are usually stated in total, while budgeted costs are usually stated on a per-unit basis.

Anas  Dawah
by Anas Dawah , Senior Internal Auditor , Talal Abu-Ghazaleh Global (TAGI)

d-                  

Standard cost in total , while budgeted costs per unit

Deleted user
by Deleted user

A. Time and motion studies are often used to determine standard costs.

More Questions Like This