Question Content Area Standard costs are used in companies for a variety of reasons. Which of the following is not one of the benefits for using standard costs? a. They are used to estimate the cost of inventory. b. They are used to control costs. c. They are used to indicate where changes in technology and machinery need to be made. d. They are used to plan direct materials, direct labor, and variable factory overhead.
Question Content Area Standard costs are used in companies for a variety of reasons. Which of the following is not one of the benefits for using standard costs? a. They are used to estimate the cost of inventory. b. They are used to control costs. c. They are used to indicate where changes in technology and machinery need to be made. d. They are used to plan direct materials, direct labor, and variable factory overhead.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Standard costs are used in companies for a variety of reasons. Which of the following is not one of the benefits for using standard costs?a. They are used to estimate the cost of inventory.b. They are used to control costs.c. They are used to indicate where changes in technology and machinery need to be made.d. They are used to plan direct materials, direct labor, and variable factoryoverhead .
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