Which One of the Following Is NOT a Reason for Using

question 12

Multiple Choice

Which one of the following is NOT a reason for using standard costs?

• A) To set performance targets
• B) To decrease accounting costs
• C) To increase sales volumes
• D) To make budgeting easier

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Definitions:

Demand Curve

An illustration that displays how the price of a product or service correlates with the amount people want to buy during a specific time frame.

Price

The amount in currency estimated, obligatory, or contributed as payment for something.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price within a specified time frame.

Price

The sum of money anticipated, needed, or handed over in exchange for an item.