Question Content Area Standard costs are used in companies for a variety of reasons. Which of the following is not one of the benefits for using standard costs? a. They are used to estimate the cost of inventory. b. They are used to control costs. c. They are used to indicate where changes in technology and machinery need to be made. d. They are used to plan direct materials, direct labor, and variable factory overhead.
Question Content Area Standard costs are used in companies for a variety of reasons. Which of the following is not one of the benefits for using standard costs? a. They are used to estimate the cost of inventory. b. They are used to control costs. c. They are used to indicate where changes in technology and machinery need to be made. d. They are used to plan direct materials, direct labor, and variable factory overhead.
Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 17MC: Under absorption costing, a unit of product includes which costs? A. direct material, direct labor,...
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Standard costs are used in companies for a variety of reasons. Which of the following is not one of the benefits for using standard costs?a. They are used to estimate the cost of inventory.b. They are used to control costs.c. They are used to indicate where changes in technology and machinery need to be made.d. They are used to plan direct materials, direct labor, and variable factoryoverhead.
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