A Good System of Standard Costing Always

question 66

Multiple Choice

A good system of standard costing always

• A)ensures that the right staff are to blame if there are negative variances.
• B)ensures that the right staff are both rewarded and blamed when there are positive or negative variances.
• C)avoids excessive detail in examining small variances.
• D)considers the impact of morale on all those who utilize the reporting system.

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Definitions:

Polypeptides

Chains of amino acids linked by peptide bonds, forming the basic structure of proteins.

Triglyceride

A triglyceride is a type of fat (lipid) found in the blood, originating from the diet and stored in fat cells, used by the body for energy.

Fatty Acid

Long hydrocarbon chains that are a major component of fats and are used in cells as a source of energy.