The Primary Purpose of Calculating Standard Cost Variances Each Period

Multiple Choice

The primary purpose of calculating standard cost variances each period is:

A) To achieve financial control regarding operating activities.
B) To facilitate the recording of manufacturing costs during a period.
C) To adjust reported income to flexible-budget income.
D) To diagnose the cause of operating problems as well as what should be done to correct such problems.
E) To minimize income tax liabilities.