The Input Standard Cost Per Completed Unit May Be Calculated

question 187

Multiple Choice

The input standard cost per completed unit may be calculated by

• A)multiplying the budgeted number of outputs for one input by the budgeted price per output unit.
• B)multiplying the budgeted price per input by the budgeted number of inputs for one unit of output.
• C)dividing the variable price per input by the budgeted number of inputs for one unit of output.
• D)dividing the budgeted number of outputs for one input by the budgeted price per output unit.
• E)dividing the budgeted price per input by the budgeted number of inputs for one unit of output.

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Definitions:

Globalization

The method through which companies or various organizations gain international impact or begin to function globally.

Less Developed Countries

Nations with low levels of economic resources, industrial base, and development.

Working Conditions

The environment, terms, and circumstances under which an individual is employed, including aspects like hours, safety, and physical demands.

Capitalist Economy

An economic system characterized by private or corporate ownership of capital goods, and the production for profit and accumulation of wealth.