Standard Costs

question 8

Multiple Choice

Standard costs:

• A)May be used in job order cost systems but not in process cost accounting systems.
• B)Should be revised upward when actual costs are higher than expected because of waste and inefficiency.
• C)Are the same for all companies in a given industry.
• D)Are the costs that should be incurred to produce a product under normal conditions.

---

Definitions:

Synchronous Speed

The speed at which the magnetic field rotates in the stator of an AC motor, directly related to the frequency of the current and the number of poles in the motor.

Magnetic Field

A region around a magnetic material or a moving electric charge within which the force of magnetism acts.

Law of Charges

A fundamental principle stating that like charges repel each other, while opposite charges attract each other.