Multiple Choice Questions on Standard costs are hellip hellip hellip hellip hellip ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Standard costs are hellip hellip hellip hellip hellip ........

Costing - Phase (I & II) Overview of Cost and Management Accounting
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    Standard costs are……………

    Predetermined cost

    Correct Answer

    Budgeted cost

    Incorrect Answer

    Actual cost

    Incorrect Answer

    None of the above

    Incorrect Answer
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    Explanation:

    Standard cost is a predetermined cost of performing an operation or producing a good or service, under normal conditions.

    By: Vikas Goyal
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