A primary purpose of using a standard cost system is
A)to make things easier for managers in the production facility.
B)to provide a distinct measure of cost control.
C)to minimize the cost per unit of production.
D)b and c are correct.

Question

Quizplus · Accepted Answer

A standard cost system is primarily used to provide a distinct measure of cost control by comparing standard costs to actual costs and identifying variances.

A Primary Purpose of Using a Standard Cost System Is