Standard costing includes:
A)continuous improvement.
B)monthly cost reduction targets.
C)the assumption that workers closest to the process know best.
D)goals to meet performance standards.

Question

Quizplus · Accepted Answer

Standard costing involves setting performance standards and then working to meet or exceed them. It does not necessarily involve continuous improvement, monthly cost reduction targets, or assuming that workers closest to the process know best.

Standard Costing Includes