The Standard Cost Sheet Includes All of the Following EXCEPT

question 117

Multiple Choice

The standard cost sheet includes all of the following EXCEPT

• A)the standard cost per unit.
• B)the standard quantity allowed for actual production.
• C)the standard price.
• D)the standard quantity per unit.

---

Definitions:

Mark-up

Added value to the purchasing price of merchandise to include overhead and profit.

Unsold Products

Items or goods that have been manufactured or acquired for sale but have not yet been purchased by customers.

Selling Price

The actual amount a customer pays for a product or service.

Mark-up

A markup on the goods’ purchase cost to account for administrative expenses and profit.