In What Industries Are Standard Costs Used

question 102

Multiple Choice

In what industries are standard costs used?

• A)Manufacturing companies only
• B)Service companies only
• C)Both manufacturing and service companies
• D)None of these answer options are correct.

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Definitions:

Intercalated Discs

Intercalated discs are specialized connections between cardiac muscle cells that facilitate the synchronized contraction of the heart.

Cardiac

Pertaining to the heart, its function, or its diseases.

Muscle Cells

Specialized cells designed to contract and cause movement; can be classified as skeletal, cardiac, or smooth muscle cells.

Muscle Fibers

Individual cells of muscles that are long, cylindrical, and capable of contraction to facilitate body movements.