cost standards


Joined
Mar 17, 2014
Messages
1
Reaction score
0
Hello!

I have a question regarding cost standards:

"Which of the following is not true regarding the setting of cost standards:

1 - the level of production place an important role in determening the cost standards
2- cost standards should correspond to managers expectations under ideal conditions
3 - different firms and industries determing cost standards differently
4 - cost standards need to be periodically reviewed and revised."

Could you guys please explain why as well!
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top