Standard costs are used in companies for a variety of reasons. Which of the following is not one of the benefits of using standard costs?
a. used to control costs
b. used to estimate cost of inventory
c. used to indicate where changes in technology and machinery need to be made
d. used to plan direct materials, direct labor, and variable factory overhead
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Home » Business » Standard costs are used in companies for a variety of reasons. Which of the following is not one of the benefits of using standard costs? a. used to control costs b. used to estimate cost of inventory c.