1.Standard costs may be used by Question 1 options: charitable organizations. all of these answer choices are correct. universities. governmental agencies.

2.Standard costs Question 2 options: all of these answer choices are correct. are the budgeted cost per unit in the present. help establish expected future costs. may show past cost experience.

3.The most rigorous of all standards is the Question 3 options: realistic standard. normal standard. ideal standard. conceivable standard.

4.Most companies that use standards set them at Question 4 options: last year's level. a conceivable level. the ideal level. the normal level.

6.The purchasing agent of the Eldridge Company ordered materials of lower quality in an effort to economize on price. What variance will most likely result? Question 6 options: Unfavorable labor efficiency variance Unfavorable materials price variance Favorable total materials variance Favorable materials usage variance