All of the Following Are Advantages of Standard Costs Except

question 183

Multiple Choice

All of the following are advantages of standard costs except they

• A) facilitate management planning.
• B) are useful in setting selling prices.
• C) simplify costing in inventories.
• D) increase net income.

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Definitions:

Odorless

Lacking a detectable smell.

Liquid

A substance that flows freely but is of constant volume, having a consistency like that of water or oil.

Metabolism

The chemical processes that occur within a living organism in order to maintain life, involving anabolic and catabolic reactions.

Growth

An increase in size, number, value, or strength; in biology, it's the process by which organisms increase in size through cell multiplication.