The advantages of standard costs include all of the following except: a. management by exception may be used. b. management planning is facilitated. c. they may simplify the costing of inventories. d. management must use a static budget.

The advantages of standard costs include all of the following except: a. management by exception may be used. b. management planning is facilitated. c. they may simplify the costing of inventories. d. management must use a static budget.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter9: Profit Planning And Flexible Budgets

Section: Chapter Questions

Problem 14DQ: Explain why mixed costs must be broken down into their fixed and variable components before a...

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Fast Answer @ general Account

The advantages of standard costs include all of the following except:
a. management by exception may be used.
b. management planning is facilitated.
c. they may simplify the costing of inventories.
d. management must use a static budget.

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