Given that standard costs are like budgets or benchmarks at the unit-level, it is imperative to
A) follow up with variance analysis to plan for unit costs only.
B) control the unit costs only.
C) evaluate performance once the units are produced and troubleshoot why variances occurred only.
D) follow up with variance analysis to plan for unit costs, control them, and evaluate performance once the units are produced, and then, troubleshoot why variances occurred.

Question

Quizplus · Accepted Answer

Given that standard costs are like budgets or benchmarks at the unit-level, it is imperative to follow up with variance analysis to plan for unit costs, control them, and evaluate performance once the units are produced, and then, troubleshoot why variance occurred.

Given That Standard Costs Are Like Budgets or Benchmarks at the Unit-Level