Which of the following is an advantage traditionally attributed to standard costing systems? Multiple Choice Computation of
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Question:
Which of the following is an advantage traditionally attributed to standard costing systems?
Multiple Choice
Computation of standard costs and cost variances enables managers to employ management by exception
Variances provide a means of performance evaluation and rewards for employees
Standard costs provide a basis for sensible cost comparisons
Because the variances are used in performance evaluation, they provide motivation for employees to adhere to standards
All of the answers listed are correct
Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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