One Feature of a Standard Cost System Is That It

question 81

Multiple Choice

One feature of a standard cost system is that it:

• A) makes the record keeping process more complex and difficult.
• B) never requires updating if standard costs have been carefully determined.
• C) reduces the amount of information available to a manager.
• D) simplifies the record keeping process by allowing amounts to be carried at standard cost rather than actual cost in the accounting records.

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Definitions:

Iodopsin

A type of photopsin, which is a photoreceptor protein found in the cones of the retina that is responsible for color vision.

Lateral Geniculate

A relay center in the thalamus of the brain that is involved in the processing of visual information.

Optic Tract

Tract that extends from the optic chiasma to the lateral geniculate nucleus of the thalamus.

Melanin Pigment

A natural pigment found in most organisms, responsible for coloration in the skin, hair, and eyes.