One feature of a standard cost system is that it:
A) makes the record keeping process more complex and difficult.
B) never requires updating if standard costs have been carefully determined.
C) reduces the amount of information available to a manager.
D) simplifies the record keeping process by allowing amounts to be carried at standard cost rather than actual cost in the accounting records.

Question

Quizplus · Accepted Answer

A standard cost system simplifies the record keeping process by allowing amounts to be carried at standard cost rather than actual cost in the accounting records. This reduces the complexity of the record keeping process while also providing a basis for comparison between actual and standard costs.

One Feature of a Standard Cost System Is That It