Management Accounting Test Questions

Q.  Which of the following statements are not true about normal standards?

a. Normal Standards are meant to smooth out fluctuations caused by cyclical and seasonal changes
b. Normal Standards can be applied for absorption of overheads for a long period of time
c. In establishing normal standards, allowance is given to normal fatigue and breaks, and normal waste and scrap
d. None of the above

ANSWER: See Answer
No explanation is available for this question!