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Standard Costing System 1. Briefly discuss the features of Standard Costing System (3 marks) 2. Discuss the potential benefits Standard Costing System . (3 marks)

Standard Costing System

1. Briefly discuss the features of Standard Costing System (3 marks)

2. Discuss the potential benefits Standard Costing System . (3 marks)

3. List 4 specific examples of the type of information Standard Costing System can provide to assist managers make decisions. (2 marks)

4. Identify 1 specific Australian organisation that Standard Costing System is suited for and explain why

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