Accounting · Standard Costing
What is a standard cost?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1The planned unit cost of a product, component or service in a period✓
- 2The budgeted cost ascribed to the level of activity achieved in a budget centre in a control period
- 3The budgeted production cost ascribed to the level of activity in a budget period
- 4The budgeted non-production cost for a product, component or service in a period
Correct answer
The planned unit cost of a product, component or service in a period
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Standard Costing MCQs →Want more practice questions on Standard Costing?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Standard Costing