Which of the Following Statements Relating to Standard Costs Is

question 89

Multiple Choice

Which of the following statements relating to standard costs is false?

• A) Standard costs result in more stable product costs.
• B) Standard costs enable management to concentrate on significant variances.
• C) Standard costs provide a valid basis for cost comparisons.
• D) Standard costs cannot be used for external reporting.

---

Definitions:

Presbyopia

A condition associated with aging in which the eye's lens loses its ability to focus, making it hard to see objects up close.

Glaucoma

A group of eye conditions that damage the optic nerve, often due to abnormally high pressure in the eye, leading to vision loss or blindness.

Retinopathy

A medical condition where damage occurs to the retina of the eye, which can impair vision.

Bone Loss

The reduction in bone density and mass, often associated with aging or certain medical conditions, leading to weakened bones.