What is a standard cost?
A)The difference between an attainable standard and an ideal standard
B)The budgeted cost of the total number of budgeted units
C)The budgeted cost of a single unit
D)None of these answer choices are correct.

Question

Quizplus · Accepted Answer

A standard cost is the budgeted cost of a single unit. It is used as a benchmark for measuring actual costs and analyzing variances. Options A and B are not correct definitions of standard cost. Option D is an incorrect answer as well.

What Is a Standard Cost