The control technique which compares standard costs and revenues with actual results to obtain variances is known as —

CS Executive · Cost and Management Accounting · PYQS · December 2014
The control technique which compares standard costs and revenues with actual results to obtain variances is known as —
(A) Marginal costing
(B) Standard costing
(C) Process costing
(D) Budgetary control.

Answer & Explanation:

Correct Answer: Option (B)

Correct answer: (B) Standard costing.

Topics: Standard Costing

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