Cost accounting standards
a. are legal standards set by the Institute of Management Accountants for use in all manufacturing and professional businesses.
b. are set by the Cost Accounting Standards Board and are legally binding on all manufacturers, but not service organizations.
c. do not exist except for those legal pronouncements for companies bidding or pricing cost-related contracts with the government.
d. are developed by the Cost Accounting Standards Board, issued by the Institute of Management Accountants, and are legally binding on CMAs.
C
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When audiences become aware of some aspect of a certain product, they are said to be demonstrating
A) attitude-oriented behaviors. B) persuasive behaviors. C) information-oriented behaviors. D) connector behaviors. E) action-oriented behaviors.
Which order paper when indorsed becomes a bearer paper?
A) unqualified indorsement B) blank indorsement C) special indorsement D) special qualified indorsement
Which of the following is a characteristic of people who are referred to as professionals?
A) They have immunity from tort (specifically, malpractice) liability. B) They are entitled to a minimum wage that is higher than the average. C) They belong to a formal association or group that functions only through online communication. D) They have a set of written ethical standards that is continually enforced by the group.
The implied warranty of merchantability does not apply to food products
Indicate whether the statement is true or false