Standard Costs Are Divided into Which of the Following Components

question 76

Multiple Choice

Standard costs are divided into which of the following components?

• A) variance standard and quantity standard
• B) materials standard and labor standard
• C) quality standard and quantity standard
• D) price standard and quantity standard

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Definitions:

Red Income

This term is also not recognized in standard economic discussions and might be used in a specific context that is not universally defined.

Ambrosia

Often referred to in ancient texts, ambrosia is described as a divinely nourishing substance associated with immortality.

Blue Income

Similar to "Red Income," this term does not have a recognized definition in economics and likely pertains to a specific, non-standard use.

Ambrosia

In mythology, it is the food or drink of the gods, thought to confer immortality, but in a general context, it refers to something very pleasing to taste or smell.