Why is it necessary that managers using a standard cost system know the total standard factory overhead

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Why is it necessary that managers using a standard cost system know the total standard factory overhead rate when operations begin? Why are the standard factory overhead rates used to cost inventory determined for production departments only?

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Cost Accounting Using A Cost Management Approach

ISBN: 9780256174809

6th Edition

Authors: Letricia Gayle Rayburn, Martin K. Gay

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Question Posted: Jul 01, 2024 02:02 AM

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Why is it necessary that managers using a standard cost system know the total standard factory overhead

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Cost Accounting Using A Cost Management Approach

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