Why adopt a standard cost system?

Question

Options:

A . To improve performance measures

B . To give manager more information by decomposing total variances into price & usage variances

C . To use unit cost system that is readily available in pricing

D . All of above

Answer: Option D

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More Questions on This Topic :

Question 1. Who is responsible for a materials price variance?....

Question 2. ....

Question 3. _____ cost represents what the cost should be....

Question 4. The piecework method to pay labour guarantees a set amount of wages....

Question 5. _____ cost is used for controlling cost....

Question 6. Who is responsible for a labor efficiency variance?....

Question 7. Who is responsible for a materials usage variance?....

Question 8. _____ ensures the contractee that the contractor will continue the work....

Question 9. _____ money is paid a certain period after completion of the contract....

Question 10. On _____ of the contract entire profit is transferred to P & L A/c....

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