16 In standard costing A) the standards are developed only for overhead costs. B) the standards are developed primarily from past costs. C) comparisons with actual costs usually are not performed. D) debit and credit entries to inventory accounts are made at standard costs. 15 The use of realistic predetermined unit costs to facilitate product costing, cost control, cost flow, and inventory valuation is a description of the A) flexible budget concept. B) budgetary control concept. C) capacity level concept D) standard cost accounting concept. 16 Standard costs for company products are typically used for all except which of the following? A) Variance analysis and cost control B) Computing production costs in operating budgets C) Determining actual costs per unit D) Determining the cost of goods completed and transferred to finished goods inventory