Which of the Following Are Benefits of Standard Costing

Multiple Choice

Which of the following are benefits of standard costing?
I. It makes employees more aware of the impact of costs on operations
II. It serves as a target against which to evaluate performance
III. It eliminates the need to compute variances
IV. It is a cheap way of valuing inventory

A) I, II, III and IV.
B) I, II and IV only.
C) II, III and IV only.
D) I and II only.