Standard Costs Are Used for Evaluating Performance and Controlling Costs

question 96

True/False

Standard costs are used for evaluating performance and controlling costs but they are never used for costing products.

---

Definitions:

Lungs

The primary organs of the respiratory system in humans and many animals, responsible for gas exchange between the air and the bloodstream.

Oxides of Nitrogen

Chemical compounds made of nitrogen and oxygen that are significant air pollutants, contributing to smog and acid rain.

Volatile Organic Compounds

Organic chemicals that easily vaporize at room temperature, can be sources of air pollution, and are often found in paints, cleaning supplies, and building materials.

Sunlight

The natural light emitted by the Sun, essential for photosynthesis in plants and influencing Earth's climate and weather.