Multiple Choice
All of the following are advantages of using standard costs and variances except
A) standard costs have benchmarks managers use to judge actual costs.
B) standard costs and benchmarks are useful tools that mangers use as a basis in the master budget.
C) the timeliness that occurs when variances are computed once each month.
D) standard costing systems simplify the bookkeeping process.
Correct Answer:

Verified
Correct Answer:
Verified
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