Which of the following is the name of a form providing standard quantities of inputs used to produce a unit of output and the standard prices for the inputs?
A) A static budget.
B) A standard cost sheet.
C) A variance account.
D) A master budget.

Question

Quizplus · Accepted Answer

A standard cost sheet provides standard quantities of inputs used to produce a unit of output and the standard prices for the inputs. A static budget is a budget that remains constant regardless of changes in actual sales volume or other factors. A variance account is a record of the differences between actual and expected results. A master budget is an overall plan that includes multiple individual budgets for various departments or functions.

Which of the Following Is the Name of a Form