Unit 6 Flashcards
1
Q
The purpose of standard costing
A
simplify costing procedures
2
Q
Practical standards
A
the most effective standards for controlling and motivating workers
3
Q
An unfavourable material usage variance
A
may be caused by using inferior quality material resulting in a smaller output.
4
Q
favourable labour efficiency variance
A
may be caused by employing more expensive but highly skilled workers.
