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

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

 

B. Standard costs are usually set for one year.

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

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Question added by Malik Saleem Iqbal , Assistant Finance Manager , Ali Zaid Al-Quraishi & Brothers Co LTD
Date Posted: 2015/12/24
Rajesh Gupta Gupta
by Rajesh Gupta Gupta , AGM , STALLION AUTO PARTS PVT LTD

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

هيثم ناجى
by هيثم ناجى , محاسب اول , الفيوم لصناعة السكر

option C  is correct answer

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