Q. Which of the following is NOT a criticism of a standard-costing system? (Solved)
1. It is more expensive than other systems
2. Variances calculated under standard-costing come too late to be useful
3. It can cause dysfunctional behaviour in a JIT/FMS environment
4. Traditional cost variances are not tied to specific product line
- b. Variances calculated under standard-costing come too late to be useful