The term 'standard cost' refers to the
A. average unit cost of product produced in the current period
B. budgeted unit cost of product produced in a particular period
C. average unit cost of product produced by other companies
D. average unit cost of product produced in the previous period
Answer: Option B
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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