[Solved] Which of the following is not an advantage of standard costing?

McqMate

Q.	Which of the following is not an advantage of standard costing?
A.	It provides a basis for sensible cost comparisons
B.	It enables managers to employ management by exception
C.	It provides a mean of performance evaluation and employee rewards
D.	It is usually less expensive than actual or normal costing
Answer» C. It provides a mean of performance evaluation and employee rewards

2.3k

0

Do you find this helpful?

15

View all MCQs in

Cost Management

Discussion

No comments yet

Related MCQs

Which of the following is NOT a criticism of a standard-costing system?
----------- in Activity Based Costing is like ‘cost centre’ in traditional costing.
When calculating cost variances under a standard costing system we must:
The firm’s direct-labour rate variance was 4,800 unfavourable. Actual labour was 24,000 direct-labour hours, at a cost of 1,68,000, for 25,000 units of finished product that require 1 hour of direct labour each, at standard. What is the standard rate per direct-labour hour?
In August actual material used amounted to 5,650 kg, budgeted output was 1,000 units and standard material usage was 5 kg per unit. Actual output was 1,075 units. If the standard material cost of each product is 25 the material efficiency variance will be:
Which of the following is the best explanation of the relevance of equivalent production units in process costing?
Which of the following method of costing can be used in a large oil refinery?
Which management accounting technique is sometimes referred to as super variable costing?
Marginal Costing is concerned with:
------------ is also known as ‘Transaction Costing’.