1A1O ONE APPROACH FOR DEVELOPING STANDARD COSTS INCORPORATES COMMUNIC...

8. CSO: 1A1d LOS: 1A1o

One approach for developing standard costs incorporates communication, bargaining, and

interaction among product line managers; the immediate supervisors for whom the

standards are being developed; and the accountants and engineers before the standards

are accepted by top management. This approach would best be characterized as a(n)

a. imposed approach.

b. authoritative approach.

c. engineering approach.

d. participative approach.