A standard cost accounting system can be used for which of the following costs?
I. Direct labour
II. Direct materials
III. Indirect materials
IV. Manufacturing overhead
A) I and II only.
B) II and IV only.
C) I, II and IV only.
D) I, II, III and IV.

Question

Quizplus · Accepted Answer

A standard cost accounting system can be applied to all types of costs including direct labor, direct materials, indirect materials, and manufacturing overhead, as it provides a way to measure the expected costs of production against actual costs.

A Standard Cost Accounting System Can Be Used for Which