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 the necessary production data and details for calculating the standard unit cost. The standard production budget provides information on planned production levels, but does not necessarily include all of the information needed to calculate standard cost per unit. The balance sheet and standard work-in-process account do not contain the specific production data needed for calculating standard unit cost.

The Production Data Needed to Calculate the Standard Unit Cost