Standard costs may be used as a management tool to control costs by

Question

Business

Kellen Oconnell

1 November, 15:57

Standard costs may be used as a management tool to control costs by

+3

Answers (1)

Know the Answer?

Cantu · Answer 1

Standard costs may be used as a management tool to control costs by:

including standard costs and variances in the general ledger.

excluding standard costs and variances in the general ledger.

By doing this, management could see whether the actual realization of the cost is complying to the company budget or not. If not, the company may need to do some cutting.