New Enroll in RBI Gr B 2025 Exclusive New Batch on March 18

    Question

    ……………… cost is a criterion cost which may be

    used as a yardstick to measure the efficiency with which actual cost has been incurred.
    A Marginal Cost Correct Answer Incorrect Answer
    B Standard Cost Correct Answer Incorrect Answer
    C Absorption Cost Correct Answer Incorrect Answer
    D Product Cost Correct Answer Incorrect Answer

    Solution

    Standard cost is a criterion cost which may be used as a yardstick to measure the efficiency with which actual cost has been incurred. Standard Costs are the predetermined costs or the target costs that should be incurred under efficient operating conditions.

    Practice Next