Which of the Following Statements Is False

question 67

Multiple Choice

Which of the following statements is false?

• A) Standard costs are used for product costing.
• B) Standard costs provide a benchmark against which actual costs can be compared.
• C) Standard costs are actual costs.
• D) Standard costs are used for control.

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Definitions:

Complaint

A formal legal document filed in a court by a party alleging harm or wrongdoing by another party, and seeking legal redress or relief.

Summons

A legal document issued by a court or a government official that orders an individual to appear in court.

Answer

A legal document filed in court by a defendant responding to the allegations made in a plaintiff's complaint, offering defenses or counterclaims.

Reply

A response or answer to a question, request, or statement.