Standard costs are used in companies for a variety of reasons.Which of the following is not one of the benefits for using standard costs?
A) used to indicate where changes in technology and machinery need to be made
B) used to estimate cost of inventory
C) used to plan direct materials,direct labor,and variable factory overhead
D) used to control costs

Question

Quizplus · Accepted Answer

Standard costs are not primarily used to indicate where changes in technology and machinery need to be made. Instead, they are used to estimate the cost of inventory, plan direct materials, direct labor, and variable factory overhead, and control costs.

Standard Costs Are Used in Companies for a Variety of Reasons.Which