Accounting Multiple Choice Question – 3 September 2022

Which statement about standard costing is NOT true?

Select ONE answer:

1. It can be used for budgeting.
2. It can be used for responsibility accounting.
3. It can be used to calculate marginal costs.
4. It can be used to calculate the average cost of stock.

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct

This work is licensed under a Creative Commons Attribution 4.0 International License.