Standard Costs Are Divided into Which of the Following Components

question 76

Multiple Choice

Standard costs are divided into which of the following components?

• A) variance standard and quantity standard
• B) materials standard and labor standard
• C) quality standard and quantity standard
• D) price standard and quantity standard

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Definitions:

Discrimination

The unjust or prejudicial treatment of different categories of people, especially based on race, age, sex, or disability.

Executive Order 8802

Executive Order 8802 was issued by President Franklin D. Roosevelt in 1941 to prohibit racial discrimination in the national defense industry.

Employment Discrimination

Unfair treatment of employees or job applicants based on race, gender, age, religion, national origin, disability, or other protected characteristics rather than job performance or qualifications.

Defense Industries

Sector of the economy dedicated to producing weapons, military technology, and supplies for armed forces.