Standard costing implies
A. The use of the previous years actual figures as the standard
B. The use of predetermined levels of price and performance as the standard.
C. The use of fixed budgeting.
D. The use of ideal costs which are useful contron aids.
Answer:B
Standard costing implies
A. The use of the previous years actual figures as the standard B. The use of predetermined levels of price and performance as the standard. C. The use of fixed budgeting. D. The use of ideal costs which are useful contron aids.