The Final Decision as to What Standard Cost Should Be

question 82

Multiple Choice

The final decision as to what standard cost should be is the responsibility of

• A)the quality control engineer.
• B)the managerial accountants.
• C)the purchasing agent.
• D)management.

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Definitions:

Diverse Set

A collection consisting of various distinct elements or individuals.

Rate Of Return

The percentage gain or loss on an investment relative to the amount of money invested.

Stocks

Financial instruments that represent ownership in a company and signify a claim on part of the company's assets and earnings.

Long-Term Investor

An individual or entity that holds investments for an extended period, focusing on long-term performance rather than short-term gains.