Which of the following statements about standard costing is NOT correct?
A、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
B、Managers expect to access up to date performance information on-line, and standard costing systems do not easily provide this
C、Management may prefer alternative methods of performance reporting instead of standard costing
D、Managers no longer rely on formal budgetary control reports to monitor performance
A、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
B、Managers expect to access up to date performance information on-line, and standard costing systems do not easily provide this
C、Management may prefer alternative methods of performance reporting instead of standard costing
D、Managers no longer rely on formal budgetary control reports to monitor performance
【参考答案及解析】
The correct answer is: Managers no longer rely on formal budgetary control reports to monitor performance. Formal arrangements for monitoring performance are very widely used. Budgetary control reporting (if not standard costing variance reports) is an effective way of providing control information and performance information.
The correct answer is: Managers no longer rely on formal budgetary control reports to monitor performance. Formal arrangements for monitoring performance are very widely used. Budgetary control reporting (if not standard costing variance reports) is an effective way of providing control information and performance information.