Which of the Following Is Not a Criticism of Standard

question 64

Multiple Choice

Which of the following is not a criticism of standard costing, as applied to today's manufacturing environment?

• A)Traditional standard costing tends to focus too much on cost minimization rather than increasing product quality or customer service.
• 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 labour cost and labour efficiency, which are becoming a relatively unimportant factor of production.
• E)A standard costing system is usually less expensive than an actual or product costing system.

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Definitions:

Behavior Works

Refers to the effectiveness of actions or behaviors in producing desired outcomes or achieving specific goals.

Factual Evaluation

The process of assessing information based on its adherence to facts and accuracy rather than opinions or interpretations.

Random Assignment

In an experimental design, the random placement of participants in either the experimental or control groups, ensuring that the groups are matched at the outset of the experiment.

Quasi-experimental Design

A research design that resembles an experimental design but lacks the element of random assignment to control and experimental groups.