Standard costing can be used to apply costs for which of the following?
A) Direct Materials
B) Direct Labor
C) Indirect Materials and Indirect Labor
D) Factory Utilities
E) All of the above can be applied using standard costing

Question

Quizplus · Accepted Answer

Standard costing can be applied to all types of costs, including direct materials, direct labor, indirect materials, indirect labor, and factory utilities, to estimate the budgeted cost of production.

Standard Costing Can Be Used to Apply Costs for Which