Standard costs:
A)allow a manager to assess the efficiency of operations.
B)allow a company to practice management by exception.
C)provide management with a basis for performance evaluations.
D)if set correctly,can provide a motivational tool for employees.
E)All of the above

Question

Quizplus · Accepted Answer

Standard costs provide a variety of benefits, including allowing managers to assess efficiency, practicing management by exception, providing a basis for performance evaluations, and serving as a motivational tool for employees. Therefore, all of the above options are correct.

Standard Costs