For calculating the costs of products and services, a standard costing system: 734 viewsJanuary 5, 2017 0 Darshita6.14K January 5, 2017 0 Comments For calculating the costs of products and services, a standard costing system: only requires a simple recording system. uses standard costs to determine the cost of products. does not have to keep track of actual costs. All of these answers are correct. 1 Answer ActiveVotedNewestOldest 0 Darshita6.14K Posted January 5, 2017 0 Comments Answer: D All of these answers are correct. Register or Login