Which of the Following Statements Is Correct

question 31

Multiple Choice

Which of the following statements is correct?

• A) Standard costs are the costs necessary to produce an average or standard product.
• B) Standard costs can serve as benchmarks against which budgeted performance is measured.
• C) The limitation of actual costs is that they represent what happened not necessarily what should have happened.
• D) Standard costs can only be used for analytical purposes and can never be incorporated into the formal accounting system.

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Definitions:

Safe Sex

Sexual activities that reduce the risk of transmitting or acquiring sexually transmitted infections and prevent unwanted pregnancy, often involving the use of condoms or other barrier methods.

Potty Training

The process of teaching a young child to use the toilet for urination and defecation.

Eating Utensils

Tools used for the purpose of eating, such as forks, knives, and spoons.

Child-proofed

An environment or items that have been made safe for children by reducing risks and securing hazards.