The following are some of the purposes of standard costing. TRUE or FALSE?

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