Question: Choose the CORRECT OPTION A purpose of standard costing is to a. replace budgets and budgeting. b. simplify costing procedures. c. eliminate the need for

Choose the CORRECT OPTION

A purpose of standard costing is to

a. replace budgets and budgeting.

b. simplify costing procedures.

c. eliminate the need for actual costing for external reporting purposes.

d. eliminate the need to account for year-end under-applied or over-applied manufacturing overhead.

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total 5 questions here.

Please don't answer incomplete questions.

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