Which of the following is true of standard costing?
A) It uses estimates that are based only on past costs.
B) It is the same as normal costing.
C) It cannot be used to manage cost centers.
D) It can be used in any type of business.
D
You might also like to view...
To find an error, you should first
a. re-post every entry; b. find the difference between the debits and the credits; c. erase questionable entries; d. trace all postings; e. double check your addition.
Light is not susceptible to EMI (electromagnetic interference) and _____, which is why fiber optic communication is much less prone to error than twisted pair and radio transmission.
Fill in the blank(s) with the appropriate word(s).
An auxiliary record of notes receivable that provides more detailed information of a single note than a ledger account is known as a notes receivable register
Indicate whether the statement is true or false
Too many retailers, even big ones, fail to clearly define their target markets and positions
Indicate whether the statement is true or false