Question

A(n) ________ is a carefully predetermined cost that is usually expressed on a per unit basis.
A) allocated cost
B) applied cost
C) standard cost
D) flexible cost

Answer 1

Standard Cost is an estimated cost which is estimated cost and predetermined by the company for the production of goods and sevices.

Standard cost acts like a Forecasted cost and which is determined in advance and it is compared with actual to arrive at an deviation.

So correct option is (C) standard cost.

Rest of the costs like allocated costs, applied costs and flexible costs are not predetermined even though they are applied on per unit basis. So rest of the statements are not true.

SO Option (C) Standard Cost will be the answer