A Standard Cost Is

question 156

Multiple Choice

A standard cost is

• A) a cost which is paid for a group of similar products.
• B) the average cost in an industry.
• C) a predetermined cost.
• D) the historical cost of producing a product last year.

---

Definitions:

Autonomous

Referring to the capability of functioning independently or having self-governance.

Immanent

Existing or operating within; inherent within the physical world or the universe.

Immanent Justice

The belief, often held by children, that moral behavior is always rewarded and immoral behavior is always punished.

Immediate

Pertaining to something occurring or done without delay.