Which of the following is NOT an advantage of standard costing over normal costing and actual costing?
A)provides a greater capacity for control
B)makes it easy to distinguish the FIFO and weighted average methods of accounting for beginning inventory costs
C)makes it unnecessary to compute a unit cost for each equivalent unit cost category
D)provides for readily available unit cost information

Question

Quizplus · Accepted Answer

Standard costing does not distinguish between different methods of accounting for beginning inventory costs, so option B is not an advantage of it. The other options all represent advantages of standard costing over normal costing and actual costing.

Which of the Following Is NOT an Advantage of Standard