The production data needed to calculate the standard unit cost as well as the underlying details for the standard cost per unit are provided in
A) the standard cost sheet.
B) the standard production budget.
C) the balance sheet.
D) the standard work-in-process account.
E) None of these.

Question

Quizplus · Accepted Answer

The standard cost sheet provides all the necessary data to calculate the standard unit cost and the underlying details for the standard cost per unit. This includes the expected quantities and costs of direct materials, direct labor, and manufacturing overhead. The other options do not provide this specific information.

The Production Data Needed to Calculate the Standard Unit Cost