Question

Standard cost is a ——————

(a) Predetermined cost

(b) Post determined cost

(c) Undermined cost

(d) None of these​

Answer 1

Explanation:

Standard costs are estimates of the actual costs in a company's production process, because actual costs cannot be known in advance. This helps a business to plan a budget.

Answer 2

sᴛᴀɴᴅᴀʀᴅ ᴄᴏsᴛ ɪs ᴀ (ʙ) ᴘᴏsᴛ ᴅᴇᴛᴇʀᴍɪɴᴇᴅ ᴄᴏsᴛ.