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Question
The technique of standard costing may not be applicable in the case of ________.
The technique of standard costing may not be applicable in the case of ________.
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Solution
The correct option is B Small concerns
Setting of standards is a very difficult task. It requires a lot of scientific studies such as time-study, motion- study, fatigue study etc. and therefore it is very costly. Small firms may find it very difficult to operate such system.
Setting of standards is a very difficult task. It requires a lot of scientific studies such as time-study, motion- study, fatigue study etc. and therefore it is very costly. Small firms may find it very difficult to operate such system.
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