Question: I need help on questions 5, 6, & 7. (multiple choice questions) The unit standard cost is - the product of the standard once times
The unit standard cost is - the product of the standard once times the standard och the price standard for each unit the actual con for a standard product the amount of actual cost to produce a unit in a standardized process. QUESTIONS Which of the following is true of currently attainable standards Currently attainable standards demand maximum sales price Currently attainable standards demand maximum efficiency Currently attainable standards do not allow for normal breakdowns, interruptions and less than pertes Currently attainable standards can be achieved under efficient operating conditions QUESTION Pricemate variances focus on the offerences between actual and standard Inputs multiplied by actual prices actual and standard unit prices of an input multiplied by the budgeted quantity of inputs actual and standard inputs multiplied by standard prices actual and standard unit prices of an input multiplied by the actual quantity of inputs
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
