The purpose of a standard costing system includes the following. true or false?

1 Standard costing provides a consistent base whereby performance may be measured.2 It provides a method whereby labor and overheads can be consistently recovered and charged into stock.3 It provides a basis of control for buying, usage and efficient work levels.4 It creates atmosphere of cost consciousness amongst all levels, motivating.5 By creating a realistic target, it motivates staff and operatives to achieve or better the laid down standard.