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:

Self-Regulation

The process by which an individual controls their behavior, emotions, and thoughts towards achieving long-term goals.

Capacity For Change

The potential or ability of an individual or system to modify its attributes or behavior in response to external conditions or stimuli.

Willpower

The ability to resist short-term temptations in order to meet long-term goals.

Habits Frequently

Regular patterns of behavior that are often carried out subconsciously and become routine through frequent repetition.