Multiple Choice
Using "planned" costs as a basis for making decisions rather than actual costs is known as:
A) Absorption costing
B) Marginal costing
C) Variable costing
D) Standard costing
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: Which of the following statements about management
Q3: The cost per unit for making 100
Q4: The cost of Direct Materials in a
Q5: Companies are not legally required to produce
Q6: The term "prime costs" refers to the
Q7: Operating expenses are period costs,which means they
Q8: A manufacturing account shows the opening inventory
Q9: When standard costing is used in conjunction
Q10: Production expenses which become part of the
Q11: Absorption costing is closely linked to financial