Standard costing primarily aims at:
ACost control
BProfit maximisation
CTax saving
DAudit compliance
Answer & Solution
Correct answer: A. Cost control
1. Standard costing's core function per CIMA is control through management by exception.
2. Variances flag departures from plan and direct attention to specific cost lines.
3. Tax saving or audit compliance are not the primary aim.
4. Hence the primary aim is cost control.
_Source: ICAI BoS Inter Paper 3, Ch 13 "Standard Costing", §13.1.2 ¶2_
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