快速查题-ACCA英国注册会计师试题

 For mass produced products 

 In a JIT production environment 

 In a target costing environment 

 In a TQM production environment 

 Standard costing is less applicable in a modern manufacturing environment where a large proportion of total costs are overhead costs that are fixed in the short term 

 Managers expect to access up to date performance information on-line, and standard costing systems do not easily provide this 

 Management may prefer alternative methods of performance reporting instead of standard costing 

 Managers no longer rely on formal budgetary control reports to monitor performance 

 Attainable standard 

 Basic standard 

 Current standard 

 Ideal standard 

 A standard which is kept unchanged over a period of time 

 A standard which is based on current price levels 

 A standard set at an ideal level, which makes no allowance for normal losses, waste and machine downtime 

 A standard which assumes an efficient level of operation, but which includes allowances for factors such as normal loss, waste and machine downtime 

 Standard costing is useful where products are customised to a customer's specifications. 

 Standard costing provides useful information to assist management in controlling costs 

 Standard costing makes it easier to value inventory 

 Standard costing can be used to predict future costs and set budgets