To Determine the Unit Standard Cost for a Particular Input

question 30

Multiple Choice

To determine the unit standard cost for a particular input, a company must decide how much

• A)input should be used per unit of output and how much should be paid for the quantity of the input to be used.
• B)input should be used per unit of output and how much output should be produced.
• C)output should be produced and how much should be paid for each unit produced.
• D)should be paid for the quantity of the input to be used and how much input should be purchased.

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Definitions:

Indirect Method

A financial reporting approach where cash flows from operating activities are derived indirectly by adjusting net income for non-cash transactions.

Communicating Bad News

The practice of delivering unfavorable or disappointing information in a thoughtful, sensitive manner.

Repair Relationship

The process of mending or improving the state of a relationship that has been damaged or strained.

Alternative Product

A product that serves as a substitute or choice in place of another in considerations of preference, requirement, or availability.