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.

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Definitions:

Protocol

A set of rules governing the exchange or transmission of data between devices.

Token

A piece of data or a digital asset used in various applications, representing a right, access, or asset.

Terminator

A device or program that signals the end of a data string or message transmission session.

Honey Pot

A computer system that’s set up to attract unauthorized users by appearing to be a key part of a network or a system that contains something of great value.