Multiple choice

Directions: Choose the correct option for the given question:

Three types of standards are current standard, basic standard and _____ standard.

  1. predetermined

  2. popular

  3. normal

  4. absolute

  5. none of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The three common types of standards used in standard costing are current standards, basic standards, and normal standards. Normal standards represent the average performance expected over a period of time.

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