A standard costing system is most often used by a firm in conjunctionwitha. management by objectivesb. target rates of returnc. participative management programsd. flexible budgets

Correct Answer:d. flexible budgets Explanation:A standard costing system is a cost accounting method…

Answered: A standard costing system is most often…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

Section: Chapter Questions

Problem 7DQ: Discuss how financial data prepared on the basis of variable costing can assist management in the...

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Similar questions

Explain the components of the total cost equation and describe how each of the components can be used by management for decision-making.
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. It is an important use of managerial accounting a. determine direct cost by adding direct materials b. understand customer orientation c. recast budgeted statements according to a situation d. change variables of risk internally and externally
Want. general account solution.
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A standard costing system is most often used by a firm in conjunction with a. management by objectives b. target rates of return c. participative management programs d. flexible budgets