For calculating the costs of products and services,a standard costing system:
A)does not have to keep track of actual costs.
B)uses standard costs to determine the cost of products.
C)only requires a simple recording system.
D)All of these answers are correct.

Question

Quizplus · Accepted Answer

The Answer of For calculating the costs of products and services,a standard costing system:
A)does not have to keep track of actual costs.
B)uses standard costs to determine the cost of products.
C)only requires a simple recording system.
D)All of these answers are correct.

For Calculating the Costs of Products and Services,a Standard Costing