Multiple Choice
Which of the following statements is false?
A) Standard cost systems use budgeted costs of direct material and direct labour.
B) Variances provide a means of performance evaluation and rewards for employees.
C) A standard costing system is usually more expensive than an actual costing system.
D) Variances provide motivation for employees to adhere to standards.
Correct Answer:

Verified
Correct Answer:
Verified
Q45: Variance analysis is used to evaluate actual
Q46: When using the statistical control chart to
Q47: Under a standard costing system<br>A) standard costs
Q48: When estimating the cost of an economic
Q49: Flexer Company Ltd has set the following
Q51: Which of the following statements is false
Q52: Given the following information, calculate the direct
Q53: I Wear Optometry determined the following variances
Q54: Flexer Company Ltd has set the following
Q55: Which of the following are methods for