An ideal standard is one that a. uses only historical experience. b. relies on maximum efficiency. c. can be achieved under efficient operating conditions. d. makes allowances for normal breakdowns, interruptions, less than perfect skill, and so on. e. none of these.
An ideal standard is one that a. uses only historical experience. b. relies on maximum efficiency. c. can be achieved under efficient operating conditions. d. makes allowances for normal breakdowns, interruptions, less than perfect skill, and so on. e. none of these.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter10: Standard Costing And Variance Analysis
Section: Chapter Questions
Problem 2MCQ: A currently attainable standard is one that a. relies on maximum efficiency. b. uses only historical...
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An ideal standard is one that
a. uses only historical experience.
b. relies on maximum efficiency.
c. can be achieved under efficient operating conditions.
d. makes allowances for normal breakdowns, interruptions, less than perfect skill, and so on. e. none of these.
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