Standard cost variances are usually not reported in reports to stockholders.

Question

adham siraj · Accepted Answer

Final Answer : True, Explanation :  Standard cost variances are typically internal management tools used to measure performance and identify areas for improvement. They may be reported in internal financial reports to executives and managers, but they are typically not included in reports to stockholders or external stakeholders. These reports typically focus on overall results, financial performance, and strategic initiatives, rather than detailed operational measures such as standard cost variances.

Standard cost variances are usually not reported in reports to stockholders.

Definitions

Learning Objectives

Learning Objectives

Related questions