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:

Phineas Gage

A historically significant individual in the study of neurology and psychology, known for surviving a traumatic brain injury that significantly changed his personality and behavior.

Irritability

A physiological or psychological state of heightened sensitivity to stimuli, resulting in easier arousal to anger or frustration.

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, responsible for decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Speaking

The act of producing sounds through the use of the vocal tract, including articulation, voice, and fluency, to communicate.