Question：Which of the following criticisms of standard costing apply in all circumstances?
(i)Standard costing can only be used where all operations are repetitive and output is homogeneous.
(ii)Standard costing systems cannot be used in environments which are prone to change. They assume stable conditions.
(iii)Standard costing systems assume that performance to standard is acceptable. They do not encourage continuous improvement.
A. Criticism (i)
B. Criticism (ii)
C. Criticism (iii)
D. None of them
The correct answer is:
None of the criticisms apply in all circumstances.
Criticism (i) has some validity but even where output is not standardised it may be possible to identify a number of standard components and activities whose costs may be controlled effectively by the use of standard costs.
Criticism (ii) also has some validity but the use of information technology means that standards can be updated rapidly and more frequently, so that they may be useful for the purposes of control by comparison.
Criticism (iii) can also be addressed in some circumstances. The use of ideal standards and more demanding performance levels can combine the benefits of continuous improvement and standard costing control.
高顿网校温馨提醒
各位考生，2016年ACCA备考已经开始，为了方便各位学员能更加系统地掌握考试大纲的重点知识，帮助大家充分备考，体验实战，高顿网校开通了全免费的
ACCA题库（包括精题真题和全真模考系统），题库里附有详细的答案解析，学员可以通过多种题型加强练习。
戳这里进入ACCA免费题库>>>
微信扫一扫，关注ACCA*7资讯，满满的干货喂饱你！ACCA微信公众号：gaodunacca
ACCA分享与交流QQ群：227573128
写评论
