Which Statement Is True

question 5

Multiple Choice

Which statement is true?

• A) The limitation of actual costs is that they represent what happened not necessarily what should have happened.
• B) Standard costs are the costs necessary to produce an average or standard product.
• C) Standard costs can serve as benchmarks against which budgeted performance is measured.
• 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:

Stretch

To extend one’s body or limbs to their full length in a way that feels good and improves flexibility.

Exercise Routine

A specific regimen of physical activities designed to achieve fitness or health goals.

Fourth Amendment

Part of the Bill of Rights, it protects individuals against unreasonable searches and seizures by the government.

Standing

The legal requirement that anyone seeking to challenge a particular action in court must demonstrate that such action substantially affects his or her legitimate interests before he or she will be entitled to bring suit.