Which of the following terms best identifies the function of standard costs where any deviation from standards
Fantastic news! We've Found the answer you've been seeking!
Question:
Which of the following terms best identifies the function of standard costs where any deviation from standards can be quickly detected and responsibility pinpointed so appropriate action may be taken?
a. Standardized accounting system
b. Contribution approach
c. Marginal costing
d. Management by exception
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
Posted Date: