Which of the following provides both the production data needed to calculate the standard unit cost and the underlying details for the standard cost per unit?
A)the standard cost sheet
B)the standard production budget
C)the balance sheet
D)the standard work-in-process account

Question

Quizplus · Accepted Answer

The standard cost sheet provides both the production data needed to calculate the standard unit cost and the underlying details for the standard cost per unit. It lists the inputs required for one unit of output, their quantities, and their standard prices, which are used to calculate the standard cost per unit.

Which of the Following Provides Both the Production Data Needed