Which of the Following Is True

question 84

Multiple Choice

Which of the following is true?

• A)Standard costs cannot be incorporated into the accounts in the general ledger.
• B)An advantage of standard costs is that they simplify costing of inventories and reduce clerical costs.
• C)Setting standard costs is relatively simple because it is done entirely by accountants.
• D)Standard cost cards are the subsidiary ledger for the Work in Process account in a standard cost system.

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Definitions:

Habitually Late

The consistent behavior of an individual who regularly fails to meet scheduled appointments, deadlines, or time commitments.

Office Manager

A professional responsible for overseeing the daily operations of an office, including administrative tasks and ensuring smooth workflow.

Hospital Admission

The process by which a patient is taken into a hospital for treatment, either as an inpatient or for observation.

Utilization Committee Review

A process where a committee evaluates the use and efficiency of services or resources within an organization, often in a healthcare setting.