Question

The type of standard most suitable for cost control purpose is __________.

• A. Basic Standard
• B. Ideal Standard
• C. Normal Standard
• D. Expected Standard

Answer 1

Answer: (D)

Expected Standard

Expected standards are based on current conditions and circumstances and represents what can be attained with the present setup in place and if the current conditions prevail. In order to ensure cost control such expected standards would be most useful.