alleryStart learning →Who foresaw standard costing in his 1889 textile bookkeeping work?
AGeorge P. Norton
BEliyahu Goldratt
CArt Schneiderman
DDonaldson Brown
Answer & Solution
Correct answer: A. George P. Norton
The British accountant George P. Norton is named as one of the first authors to foresee standard costing.
Keep practising Cost Accounting
Browse all Cost Accounting questions for CA Final, or explore more Cost and Management Accounting topics.
Related questions
US regulations test an arm's length range using which measure?Which is a recognised transfer pricing method?Resale price is Rs 1,200 and the distributor's gross margin is 20% of resale price. TransfCost of a transferred item is Rs 800 and the cost-plus markup is 25% on cost. Transfer priThe balanced scorecard was originally designed mainly forThe Analog Devices scorecard was created by Art Schneiderman inCustomer retention rate fits which scorecard perspective?Hours of staff training per year fit which scorecard perspective?