Use the information below to answer the following question(s).Apex Disk Company operates a computer disk manufacturing plant.Direct materials are added at the end of the process.The following data were presented for August:

-Which costing system is well-suited for companies which have infrequent changes in their basic products?
A)equivalent-average unit costing method
B)first-in, first-out method
C)standard costing
D)weighted-average costing
E)last in first out costing

Question

Use the information below to answer the following question(s).Apex Disk Company operates a computer disk manufacturing plant.Direct materials are added at the end of the process.The following data were presented for August:
 
-Which costing system is well-suited for companies which have infrequent changes in their basic products?
A)equivalent-average unit costing method 
B)first-in, first-out method 
C)standard costing 
D)weighted-average costing 
E)last in first out costing

Quizplus · Accepted Answer

Standard costing is well-suited for companies which have infrequent changes in their basic products. This method uses predetermined standards for materials, labor, and overhead costs and compares them to the actual costs incurred. This allows for easier cost analysis and control, particularly in stable production environments.

Use the Information Below to Answer the Following Question(s)