Standard Costing is basically a .......... technique. (A) Cost computation (B) Cost control (C) Cost reduction (D) Performance evaluation

CS Executive · Cost and Management Accounting · PYQS · December 2017
Standard Costing is basically a .......... technique. (A) Cost computation (B) Cost control (C) Cost reduction (D) Performance evaluation
(A) Cost computation
(B) Cost control
(C) Cost reduction
(D) Performance evaluation

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Standard Costing

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