Lecture 4- Standard costing and variance analysis (1)

Question 1 of 14

1

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First step in how a standard costing system operates is for the are recorded for each for each

Explanation

Question 2 of 14

1

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Second step in how standard costing system operates is for each are to each

Explanation

Question 3 of 14

1

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Third step in how standard costing system operates is and are

Explanation

Question 4 of 14

1

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Fourth step in how standard costing system operates is are investigated and is taken where

Explanation

Question 5 of 14

1

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Fifth step in how standard costing system operates is are monitored and to changes in and/or

Explanation

Question 6 of 14

1

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One approach used for setting standard costs is using records to and usage

Explanation

Question 7 of 14

1

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Another approach used for setting standard costs is on

Explanation

Question 8 of 14

1

Fill the blank spaces to complete the text.

Engineering studies- of each operation, based on of materials, and equipment and on observations of

Explanation

Question 9 of 14

1

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One purpose of standard costing system is providing that can be used for purposes

Explanation

Question 10 of 14

1

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Another purpose of standard costing system is setting which are to achieve

Explanation

Question 11 of 14

1

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Third purpose of standard costing system is providing and source of for

Explanation

Question 12 of 14

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Fourth purpose of standard costing system is acting as by highlighting that do not to plan and therefore to situations that may be and in need of

	Created by George Mariyajohnson over 4 years ago

Highers Accounting and Finance (Year 2) (Management Accounting for Performance and Decision Making) Quiz on Lecture 4- Standard costing and variance analysis (1), created by George Mariyajohnson on 24/07/2020.

Lecture 4- Standard costing and variance analysis (1)

Lecture 4- Standard costing and variance analysis (1)

Question 1 of 14

Fill the blank spaces to complete the text.

First step in how a standard costing system operates is for the are recorded for each for each

Explanation

Question 2 of 14

Fill the blank spaces to complete the text.

Second step in how standard costing system operates is for each are to each

Explanation

Question 3 of 14

Fill the blank spaces to complete the text.

Third step in how standard costing system operates is and are

Explanation

Question 4 of 14

Fill the blank spaces to complete the text.

Fourth step in how standard costing system operates is are investigated and is taken where

Explanation

Question 5 of 14

Fill the blank spaces to complete the text.

Fifth step in how standard costing system operates is are monitored and to changes in and/or

Explanation

Question 6 of 14

Fill the blank spaces to complete the text.

One approach used for setting standard costs is using records to and usage

Explanation

Question 7 of 14

Fill the blank spaces to complete the text.

Another approach used for setting standard costs is on

Explanation

Question 8 of 14

Fill the blank spaces to complete the text.

Engineering studies- of each operation, based on of materials, and equipment and on observations of

Explanation

Question 9 of 14

Fill the blank spaces to complete the text.

One purpose of standard costing system is providing that can be used for purposes

Explanation

Question 10 of 14

Fill the blank spaces to complete the text.

Another purpose of standard costing system is setting which are to achieve

Explanation

Question 11 of 14

Fill the blank spaces to complete the text.

Third purpose of standard costing system is providing and source of for

Explanation

Question 12 of 14

Fill the blank spaces to complete the text.

Fourth purpose of standard costing system is acting as by highlighting that do not to plan and therefore to situations that may be and in need of

Explanation

Question 13 of 14

Fill the blank spaces to complete the text.

Fifth purpose of standard costing system is of costs to for profit and purpose

Explanation

Question 14 of 14

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Standard cost- that are and should be under conditions

Explanation