Standard Cost Systems Can Enhance Operational Control Through the Use

question 74

Multiple Choice

Standard cost systems can enhance operational control through the use of

• A)price variances, which indicate the need for enhanced spending control.
• B)efficiency variances, which indicate the need for corrective action.
• C)standard costs, which indicate the desired cost of a unit of input.
• D)actual costs, which indicate the price received for units sold.