Columbus Corporation is considering adopting the standard costing method to enhance the understandability and comparability of accounting

Question:

Columbus is considering adopting the standard costing method to enhance the understandability and comparability of accounting information.
Prepare several reasons in support of why understandability and comparability will be enhanced.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...