An Important Advantage of a Standard Cost System Is That

Multiple Choice

An important advantage of a standard cost system is that standard costs:

A) Cause financial statements to be more comparable because different companies cost their inventories in the same manner.
B) Can be determined with great precision so that inventories are valued with complete accuracy.
C) Cause a lower net income,resulting in lower income taxes.
D) Focus attention on trouble spots and facilitate prompt corrective action.