Which of the Following Is Not an Advantage of Standard

question 95

Multiple Choice

Which of the following is not an advantage of standard costing over normal costing and actual costing?

• A) A greater capacity for control.
• B) Ability to easily distinguish the FIFO and weighted average methods of accounting for beginning inventory costs.
• C) Computing a unit cost for each equivalent unit cost category is not necessary.
• D) Providing for readily available unit cost information.
• E) All of these are advantages of standard costing.

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Definitions:

Transportation Problem

A type of optimization problem in operations research aimed at determining the most efficient way of allocating resources to transport goods from suppliers to consumers, minimizing cost.

Transportation Problem

A type of optimization problem in logistics aiming to determine the most efficient way to distribute goods from multiple suppliers to multiple consumers.

Shipping Cost

The expense associated with moving goods from one location to another, including packing, logistics, and transportation fees.

Demand

Refers to the quantity of a product or service that consumers are willing and able to purchase at various prices during a specified time period.