Standard Costing Can Be Used Only with a Process Costing

question 37

True/False

Standard costing can be used only with a process costing system.

---

Definitions:

Confidential Information

Any data or information that is proprietary to a company and not to be shared with competitors or the general public.

Agency Relationship

A legal relationship in which one party, the agent, acts on behalf of another party, the principal, in transactions with third parties.

Disclose

To reveal or make known information that was previously private or secret.

Delivery Driver

An individual responsible for transporting goods from one place to another, ensuring packages reach their destinations timely.