Under Standard Costing, There Is No Need to Calculate a Cost

question 82

True/False

Under standard costing, there is no need to calculate a cost per equivalent unit.

---

Definitions:

Expectancy Theory

A psychological theory that describes the motivational relationship between people's expectations for success, their perceived efforts, and their ultimate performance.

Rewards

The benefits or compensation received in recognition of one's effort, achievement, or service.

Performance

The act of carrying out a task or function; how well an individual or group meets established goals or standards.

Dysfunctional Methods

Ineffective or harmful practices or techniques that hinder the achievement of objectives or damage organizational culture.