Standard Costs Are Divided into Which of the Following Components

question 104

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:

Proposal Document

A written offer or plan detailing how one party can meet the needs or requirements of another, often used in business transactions.

Formula Sales

A structured approach to selling that follows a specific pattern or formula, often used in training new sales personnel.

Presentation Method

The technique or approach used in delivering information or demonstrating a product or service to potential customers.

Need-satisfaction

A sales approach that focuses on identifying and meeting the specific needs of a customer, emphasizing the benefits of a product or service that can meet those needs.