*Actual hours are equal to standard hours for units produced.
-Variances from standard costs are included in reports to
A)suppliers and creditors
B)stockholders
C)management
D)suppliers and creditors, stockholders, and management

Question

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*Actual hours are equal to standard hours for units produced.​
-Variances from standard costs are included in reports to
A)suppliers and creditors 
B)stockholders 
C)management 
D)suppliers and creditors, stockholders, and management

Quizplus · Accepted Answer

Variances from standard costs are primarily used internally for management purposes to analyze performance, control costs, and make informed decisions. They are not typically shared with external parties like suppliers, creditors, or stockholders.

​ *Actual Hours Are Equal to Standard Hours for Units Produced.​

*Actual Hours Are Equal to Standard Hours for Units Produced.