Discuss the usage and creation of standard costs by an operation.

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Discuss the usage and creation of standard costs by an operation.

RESPONSE EACH QUESTIONS Individually
PART A : Discuss the usage and creation of standard costs by an operation-one (1) Page
-Discuss the usage and creation of standard costs by an operation- Answer
– How are these costs developed? How can they be used in the creation of a future period forecast? Answer
-How might they be used in an individual or organizational measurement system? Answer
– Conclusion

Reference:
Readings
Finance for Nonfinancial Managers – Chapter 8 pp. 129-132
Siciliano G- Finance for non financial Managers, Second Edition, Ny

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