Reasons for using standard costing include their usefulness in:
A) Preparing flexible budgets
B) Preparing master budgets
C) Establishing selling prices
D) Preparing performance reports
E) All of the above

Question

Quizplus · Accepted Answer

Standard costing is useful for preparing flexible budgets, master budgets, establishing selling prices, and preparing performance reports, making all the options correct.

Reasons for Using Standard Costing Include Their Usefulness In