In Standard Costing

question 81

Multiple Choice

In standard costing,

• A)the standards are developed only for overhead costs.
• B)the standards are developed primarily from past costs.
• C)comparisons with actual costs usually are not performed.
• D)debit and credit entries to inventory accounts are made at standard costs.

---

Definitions:

Production Goals

Targets set by businesses or organizations for the amount of goods or services to be produced within a specific time frame.

Social Benefits

Non-wage compensations provided to employees in addition to their normal wages or salaries. These can include health insurance, pension plans, and other welfare benefits.

Enterprise Union

An organization representing workers within a single company or enterprise rather than across multiple workplaces or sectors.

Single Company

Pertaining to a business or organization that operates independently, without affiliations or connections to other companies within its sector.