Question: Standard costs are comprised of two elements: Select one: a. the quantity of input and the cost per unit of input. b. the quality of

Standard costs are comprised of two elements:

Select one:

a. the quantity of input and the cost per unit of input.

b. the quality of input and the cost per unit of input.

c. the quantity of input and the cost per unit of output.

d. the quality of input and the cost per unit of output.

PLEASE EXPLAIN!

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Standard costs are comprised of two elements: Multiple Choice O the quantity of input and the cost per unit of Input O the quality of input and the cost per unit of Input O the quantity of input and...

Q:

AutoSave ON svo - w question 4.docx - Saving... Q Home Insert Draw Design Layout References Mailings Review View Tell me Share 0 Comments Calibri v 16 ~ ? Aav C AaBbCcDdEe AaBbcDdEe ARCANE Abbcode...

Q:

How it works picad an enge ONE QUESTIOIMG.4050 HEC LEARN Upload error. Hmm, that didn't work. Make sure you've selected a valid image format. What your que Chapter 10 Cole Laboratories makes and...

Q:

Medical Glasses (MGCo. hereafter manufactures a full line of well-known sunglasses. The MGCo use a standard costing system to set attainable standards for direct materials and labour. Direct material...

Q:

i have reposted the same Question Instruction Assignment Question Assignment 1 An Investment Analysis Case Study Stating the obvious: Each group will turn in one report (sounds obvious, but might as...

Q:

Question 1:- Which of the following is not a technique used in management accounting: a) Budgetary control b) Marginal costing c) Process Costing d) Standard costing Question 2:- Margin of safety can...

Q:

eBook Product-Costing Accuracy, Corporate Strategy, ABC Auto ech Manufacturing is engaged in the production of replacement parts for automobles one plant specializes in the production of two parts:...

Q:

Prepare a flex budget from this info for three activity levels: 18,000 units, 22,000 units, and 25,000 units. Thank you in advance for help. For simplicity, assume that the company produces a single...

Q:

Tony: I dont think that voting would be a good idea. Wilma was not able to attend, and we should be looking at all of these factors together in some type of logical fashion. Question Q1. What is the...

Q:

Next Question (Click the ico and variances under the assumptions "option 2".) Diva, Inc. is a privately held furniture manufacturer. For August 2020, Diva had the following standards for one of its...

Q:

2. Write another C function as given below that reverses the characters in string, s. char* revstr (char* s) /* same as char s[] */ { /* write your codes here */ return s;

Q:

Daily Spot Exchange Rate, U.S. Dollars per Pound Sterling Date Rate Date Rate Date Rate 13-Apr- 23-Apr- 1-Apr-04 1.8664 1.8260 1.7674 04 04 14-Apr- 26-Apr- 2-Apr-04 1.8393 1.7902 1.7857 04 04 15-Apr-...

Q:

Question 1 : Assume today is 3 3 1 ? 2 0 2 5 . You believe the upcoming tariff on 4 2 will make a huge impact on the USD and JPY in the coming weeks. Currently, one - month call options on Japanese...

Q:

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

Q:

4 How do management competences required for managers by companies vary across different countries?

Q:

1 How can Andersen Consulting develop and integrate the range of competences it requires for its international operations?

Q:

1 What is the relationship between national culture and the use of the competences approach?