Conditions for application of standard costing

Q.  For the application of standard costing, it is necessary to meet which of following conditions?

A) A sufficient volume of standard components or products should be manufactured
B) Methods and procedures cannot be controlled
C) A sufficient number of costs should be able to be controlled
- Published on 03 Sep 15

a. A and B
b. B and C
c. A and C
d. None of the above

ANSWER: A and B

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