Multiple choice

Directions: Choose the correct option for the given question.

_____ is a predetermined cost.

  1. Marginal cost

  2. Standard cost

  3. Service cost

  4. Unit cost

  5. Historic cost
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A standard cost is a predetermined cost that is calculated based on management's standards of efficient operation and the relevant necessary expenditure.

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