The final decision as to what standard costs should be is the responsibility of

A) the quality control engineer.
B) the managerial accountants.
C) the purchasing agent.
D) management.

Question

The final decision as to what standard costs should be is the responsibility ofA)  the quality control engineer.B)  the managerial accountants.C)  the purchasing agent.D)  management.

Andrew Hutchinson · Accepted Answer

Final Answer : D, Explanation :  The final decision on what standard costs should be is the responsibility of management as they have the overall responsibility for the operation and decision-making of the organization. The managerial accountants and purchasing agents may provide input and recommendations, but ultimately it is management's decision to set the standard costs. The quality control engineer's role is to ensure that the actual costs are meeting the expected standards, but they do not have the authority to establish those standards.

The final decision as to what standard costs should be is the responsibility of

A) the quality control engineer.
B) the managerial accountants.
C) the purchasing agent.
D) management.

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