The Method Not Employed in the Establishment of Standard Costs

question 22

Multiple Choice

The method not employed in the establishment of standard costs is:

• A) analysis of historical performance data.
• B) time and motion studies.
• C) management judgement concerning future operating conditions.
• D) discounted cash flow analysis.

---

Definitions:

AutoFill

A functionality that automatically fills in fields with predetermined or previously entered information to save time.

Data Validation

A feature in spreadsheet software that allows users to set specific criteria for the type of data that can be entered into a cell, ensuring accuracy and consistency in data entry.

Circle Invalid

A function in data validation that visually identifies data that does not comply with certain predefined criteria.

Error Check

The process or mechanism within a system or software that identifies, reports, and sometimes corrects errors to ensure data integrity and operational stability.