This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following best defines standard costing? (Read 45 times)

nelaaney

  • Hero Member
  • *****
  • Posts: 560
on: Mar 6, 2021
Which of the following best defines standard costing?
◦ It is the same as actual costing but done in real time.
◦ It is a system that traces direct cost to output by multiplying actual process or rates by actual quantities of inputs + allocates overhead by on the basis of actual quantities of the allocation base used.
◦ It is a system that traces direct costs to output produced by multiplying the standard prices or rates by the standard quantities of inputs allowed for the actual output produced.
◦ It is a system that allocates overhead costs on the basis of standard overhead cost rates times the actual quantities of the allocation based used.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by nelaaney on Mar 6, 2021

bhavsar

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


nelaaney

  • Member
  • Posts: 560
Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

miss_1456@hotmail.com

  • Member
  • Posts: 289
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Standard Medical Record and Types of Reports Found in Record Standard Medical Record and Types of Reports Found in Record
Cumulative Standard Normal Distribution Cumulative Standard Normal Distribution
How to fully analyze the standard and factored form of a quadratic equation (Question 1) How to fully analyze the standard and factored form of a quadratic equation (Question 1)
How to quickly determine the maximum or minimum value of a quadratic equation in standard form How to quickly determine the maximum or minimum value of a quadratic equation in standard form
What Is a Standard Drink? What Is a Standard Drink?
One standard drink = 1/2 ounce of ethyl alcohol One standard drink = 1/2 ounce of ethyl alcohol
Video: Primate Evolutionary Tree Animation

For a complete list of videos, visit our video library