Which of the Following Is a Criticism of Standard Costing,as

question 73

Multiple Choice

Which of the following is a criticism of standard costing,as applied to today's manufacturing environment?

• A)Standards tend to be relevant for only a short period of time because of shorter product life cycles.
• B)Variance information is usually aggregated (i.e. ,combined)rather than associated with a particular batch of goods or a specific product line.
• C)Traditional standard costing has a fairly narrow orientation,failing to focus on broader issues such as the overall costs of ownership.
• D)Standard costing pays considerable attention to labor cost and labor efficiency,which are becoming a relatively unimportant factor of production.
• E)All of these are valid criticisms.

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