Which of the Following Statements Is True

question 40

Multiple Choice

Which of the following statements is true?

• A) In a standard costing system, standard costs can only be used for cost control.
• B) In a standard costing system, standard costs can only be used for product costing.
• C) In a standard costing system, standard costs are used for both cost control and product costing.
• D) In a normal costing system, standard costs are used for cost control and normal costs are used for product costing.

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Definitions:

Audience-centered

An approach to communication that tailors the message to the preferences, interests, and expectations of the intended audience.

General Purpose

The broad, overarching goal or intent behind an action, strategy, or communication.

To Actuate

To put into motion or action; to initiate or activate.

Purchase

The act of buying goods or services, often involving an exchange of money for a product or experience.