alleryStart learning →Which British accountant foresaw standard costing in his 1889 book on textile bookkeeping?
AGeorge P. Norton
BG. Charter Harrison
CJohn Whitmore
DAlexander Church
Answer & Solution
Correct answer: A. George P. Norton
George P. Norton, in his 1889 work on textile manufacturers' bookkeeping, was among the first to foresee standard costing.
Keep practising Standard Costing
Browse all Standard Costing questions for CA Inter, or explore more Cost and Management Accounting topics.
Related questions
Management circles grew aware of the theory of constraints in which decade?Throughput accounting aims to make best use of which kind of resource?What does throughput mean in throughput accounting?Which of these is named as a component of cost variation in standard cost accounting?Traditional standard costing is criticised for defining cost behavior only in terms of whaWhich statement about traditional standard costing is supported?A firm planned a unit cost of Rs 75 but actually incurred Rs 70 for 1,000 units. What is tBudgeted sales were Rs 50,000 and actual sales Rs 54,000. How is the sales variance descri