Which of the Following Is Not Considered an Advantage of Using

question 52

Multiple Choice

Which of the following is not considered an advantage of using standard costs?

• A) Standard costs can reduce clerical costs.
• B) Standard costs can be useful in setting prices for finished goods.
• C) Standard costs can be used as a means of finding fault with performance.
• D) Standard costs can make employees "cost-conscious."

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Definitions:

Inventories

Quantities of goods or materials on hand or in the process of being produced for sale.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that producers are willing to supply.

Demand Increases

A situation where the quantity of a good or service sought by buyers rises due to factors like a decrease in price or an increase in consumer income.

Roses

Fragrant flowers from the genus Rosa, often symbolizing love and beauty, and cultivated in many varieties and colors.