The total standard cost for a unit of output is the sum of the standard costs for the resources used in production.

Name: The total standard cost for a unit of output is the sum of the standard costs for the resources used in production.
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Quizplus · Accepted Answer

This statement is true. The total standard cost includes the standard costs of all the resources (such as direct materials, direct labor, and overhead) that are used in the production of one unit of output.

The Total Standard Cost for a Unit of Output Is