B Com Exam  >  B Com Questions  >  How does standard costing contribute to inven... Start Learning for Free
How does standard costing contribute to inventory control?
  • a)
    By increasing inventory levels.
  • b)
    By complicating inventory valuations.
  • c)
    By ensuring uniform pricing of stocks.
  • d)
    By eliminating the need for inventory records.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
How does standard costing contribute to inventory control?a)By increas...
Standard costing contributes to inventory control by ensuring uniform pricing of stocks. When standard costs are applied to materials, work-in-progress, and finished goods, it simplifies the valuation of inventory. This consistency in pricing helps organizations maintain better control over their inventory levels and costs.
Explore Courses for B Com exam
How does standard costing contribute to inventory control?a)By increasing inventory levels.b)By complicating inventory valuations.c)By ensuring uniform pricing of stocks.d)By eliminating the need for inventory records.Correct answer is option 'C'. Can you explain this answer?
Question Description
How does standard costing contribute to inventory control?a)By increasing inventory levels.b)By complicating inventory valuations.c)By ensuring uniform pricing of stocks.d)By eliminating the need for inventory records.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about How does standard costing contribute to inventory control?a)By increasing inventory levels.b)By complicating inventory valuations.c)By ensuring uniform pricing of stocks.d)By eliminating the need for inventory records.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How does standard costing contribute to inventory control?a)By increasing inventory levels.b)By complicating inventory valuations.c)By ensuring uniform pricing of stocks.d)By eliminating the need for inventory records.Correct answer is option 'C'. Can you explain this answer?.
Solutions for How does standard costing contribute to inventory control?a)By increasing inventory levels.b)By complicating inventory valuations.c)By ensuring uniform pricing of stocks.d)By eliminating the need for inventory records.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of How does standard costing contribute to inventory control?a)By increasing inventory levels.b)By complicating inventory valuations.c)By ensuring uniform pricing of stocks.d)By eliminating the need for inventory records.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of How does standard costing contribute to inventory control?a)By increasing inventory levels.b)By complicating inventory valuations.c)By ensuring uniform pricing of stocks.d)By eliminating the need for inventory records.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for How does standard costing contribute to inventory control?a)By increasing inventory levels.b)By complicating inventory valuations.c)By ensuring uniform pricing of stocks.d)By eliminating the need for inventory records.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of How does standard costing contribute to inventory control?a)By increasing inventory levels.b)By complicating inventory valuations.c)By ensuring uniform pricing of stocks.d)By eliminating the need for inventory records.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice How does standard costing contribute to inventory control?a)By increasing inventory levels.b)By complicating inventory valuations.c)By ensuring uniform pricing of stocks.d)By eliminating the need for inventory records.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice B Com tests.
Explore Courses for B Com exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev