A managerial accountant
1. does not participate in the standard setting process.
2. provides knowledge of cost behaviors in the standard setting process.
3. provides input of historical costs to the standard setting process.
A) 1
B) 2
C) 3
D) 2 and 3

Question

A managerial accountant
1.	does not participate in the standard setting process.
2.	provides knowledge of cost behaviors in the standard setting process.
3.	provides input of historical costs to the standard setting process.
A)	1
B)	2
C)	3
D)	2 and 3

Quizplus · Accepted Answer

Managerial accountants play a crucial role in the standard setting process by providing insights on cost behaviors and input of historical costs, which are essential for accurate and effective standard setting.

A Managerial Accountant 1. Does Not Participate in the Standard Setting Process