Register now or log in to join your professional community.
i. Standard costing provides a consistent base whereby performance may be measure . ii. It provides a method whereby labor and overhead can be consistently recovered and charged to stock i It provides a basis of control for buying, usage and efficient work levels iv It motivate staff and operatives to achieve /better the standard laid down through creating a realistic target v It creates an atmosphere of cost consciousness amongst all levels, through motivating staff and workers
Alll seems correct except (ii)
As per the above options,all except ii
All are true.