Question

_______is a managerial device to determine efficiency and effectiveness of cost performance.
(A) Cost sheet
(B) Zero based budget
(C) Standard costing
(D) Decision making

Answer 1

Answer:

i think (A)

HOPE IT HELP YOU

Answer 2

(C) Standard costing

Explanation:

Standard cost is a technique or a tool to determine efficiency and effectiveness of cost performance.

Standard cost is a planned cost for a unit of product, component or service produced in a period. Standard costing is introduced primarily to ascertain the efficiency of cost performance. It is a technique or a tool to determine efficiency and effectiveness of cost performance.

Standard costing is a technique which helps you to control costs and business operations. It aims at eliminating wastes and increasing efficiency in performance through setting up standards or formulating cost plans.

Some advantages of Standard cost technique in every day life are:

• Finding of variance
• Cost control
• Helps in taking right decisions
• Eliminating inefficiencies, and many more.