Which of the Following Statements Regarding Standard Cost Systems Is

question 179

Multiple Choice

Which of the following statements regarding standard cost systems is true?

• A)Favorable variances are not necessarily good variances.
• B)Managers will investigate all variances from standard.
• C)The production supervisor is generally responsible for material price variances.
• D)Standard costs cannot be used for planning purposes since costs normally change in the future.

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