Which of the Following Is True of Standard Costing

question 104

Multiple Choice

Which of the following is true of standard costing?

• A)It uses estimates that are based only on past costs.
• B)It is the same as normal costing.
• C)It cannot be used to manage cost centers.
• D)It can be used in any type of business.

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Definitions:

Emotion

A complex state of feeling that results in physical and psychological changes that influence thought and behavior.

Spatial Tasks

Tasks that involve the manipulation and understanding of spatial relationships and the ability to visualize with the mind's eye.

Cerebellum

A region of the brain that plays an important role in motor control, coordination, precision, and timing of movements.

Medulla

An essential part of the brainstem involved in regulating breathing, heart rate, and other autonomic functions.