For which of the following can a standard cost accounting system be used?
A)Direct materials
B)Overhead
C)Direct labor
D)All of these

Question

Quizplus · Accepted Answer

A standard cost accounting system can be used for all of these cost components, including direct materials, overhead, and direct labor. Standard cost accounting involves setting predetermined cost levels for each of these components and comparing actual costs to these established standards to identify variances and opportunities for cost savings.

For Which of the Following Can a Standard Cost Accounting