Standard costs are used in companies for a variety of reasons. Which of the foll

Question

Standard costs are used in companies for a variety of reasons. Which of the following is NOT one of the benefits of using standard costs?

a

to indicate where changes in technology and machinery need to be made

b

to estimate the cost of inventory

c

to plan direct materials, direct labor, and variable factory overhead

d

to control costs

a

to indicate where changes in technology and machinery need to be made

b

to estimate the cost of inventory

c

to plan direct materials, direct labor, and variable factory overhead

d

to control costs

Explanation / Answer

to estimate cost of inventory

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