Standard costing refers to
A. a repetitive series of standardised operations are carried out
B. goodsare supplied in standard sizes only
C. there are likely to be large fluctuations in costs
D. each product is customised to purchaser requirements
Answer: Option A
This Question Belongs to Management >> Management Accounting
A. resourcing
B. value acquiring
C. production
D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning
B. alternating
C. examining
D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor
B. time factor
C. customer factor
D. chain factor
Purpose of management accounting is to
A. past orientation
B. help banks make decisions
C. help managers make decisions
D. help investors make decision
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