Which of the Following Statements About Standard Costs Is FALSE

question 70

Multiple Choice

Which of the following statements about standard costs is FALSE?

• A)Properly set standards should promote efficiency.
• B)Standard costs facilitate management planning.
• C)Standards should not be used in "management by exception."
• D)Standard costs can simplify the costing of inventories.

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Definitions:

Complementary Strand

In genetics, this refers to a sequence of DNA or RNA that is made to pair with a specific sequence of nucleotides through base pairing.

DNA

DNA, or deoxyribonucleic acid, is a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

Complementary Strand

In molecular biology, a strand of nucleic acid that can form a double-stranded structure by matching each base with its complement.

DNA

Deoxyribonucleic acid, the molecule that carries genetic information in the cells of living organisms.