A. Establishing standard costs

B. Measurement of actual costs

C. Identifying variances and causes of variance

D.Disposing the variances to cost and profit centers

E. Comparision of actual and standard costs

Choose the correct answer from the options given below:

  • A

    A, B, E, C and D

  • B

    A, B, C, D and E

  • C

    A, B, E, D and C

  • D

    A, B, D, C and E