When calculating cost variance under standard costing system we must:

CS Executive · Cost and Management Accounting · PYQS · June 2018
When calculating cost variance under standard costing system we must:
(A) Compare actual costs with budgeted costs.
(B) Compare standard costs with actual costs at the standard level of activity
(C) Compare actual costs with standard costs at the actual level of activity
(D) Compare actual outputs against budgeted outputs

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Cost and Management Accounting

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