Indicate the three parts of a control system , and describe the manner in which such system works.

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Answer 1

Question

Chapter 10, Problem 1RQ

To determine

Indicate the three parts of a control system, and describe the manner in which such system works.

Expert Solution & Answer

Explanation of Solution

Variance: Variance refers to the difference level in the actual cost incurred and standard cost. The total cost variance is subdivided into separate cost variances; this cost variance indicates that the amount of variance that is attributable to specific casual factors.

The following are the three parts of a control system:

A predetermined or standard performance level,
Measurement of actual performance, and
An evaluation between standard and actual performance.

The control system works by comparing the actual and standard performance and then this comparison is taken into action to bring about a desired consequence.

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Answer 2

Question

Chapter 10, Problem 1RQ

To determine

Indicate the three parts of a control system, and describe the manner in which such system works.

Expert Solution & Answer

Explanation of Solution

Variance: Variance refers to the difference level in the actual cost incurred and standard cost. The total cost variance is subdivided into separate cost variances; this cost variance indicates that the amount of variance that is attributable to specific casual factors.

The following are the three parts of a control system:

A predetermined or standard performance level,
Measurement of actual performance, and
An evaluation between standard and actual performance.

The control system works by comparing the actual and standard performance and then this comparison is taken into action to bring about a desired consequence.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 10, Problem 1RQ

To determine

Indicate the three parts of a control system, and describe the manner in which such system works.

Expert Solution & Answer

Explanation of Solution

Variance: Variance refers to the difference level in the actual cost incurred and standard cost. The total cost variance is subdivided into separate cost variances; this cost variance indicates that the amount of variance that is attributable to specific casual factors.

The following are the three parts of a control system:

A predetermined or standard performance level,
Measurement of actual performance, and
An evaluation between standard and actual performance.

The control system works by comparing the actual and standard performance and then this comparison is taken into action to bring about a desired consequence.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 10, Problem 1RQ

To determine

Indicate the three parts of a control system, and describe the manner in which such system works.

Expert Solution & Answer

Explanation of Solution

Variance: Variance refers to the difference level in the actual cost incurred and standard cost. The total cost variance is subdivided into separate cost variances; this cost variance indicates that the amount of variance that is attributable to specific casual factors.

The following are the three parts of a control system:

A predetermined or standard performance level,
Measurement of actual performance, and
An evaluation between standard and actual performance.

The control system works by comparing the actual and standard performance and then this comparison is taken into action to bring about a desired consequence.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 10, Problem 1RQ

To determine

Indicate the three parts of a control system, and describe the manner in which such system works.

Expert Solution & Answer

Explanation of Solution

Variance: Variance refers to the difference level in the actual cost incurred and standard cost. The total cost variance is subdivided into separate cost variances; this cost variance indicates that the amount of variance that is attributable to specific casual factors.

The following are the three parts of a control system:

A predetermined or standard performance level,
Measurement of actual performance, and
An evaluation between standard and actual performance.

The control system works by comparing the actual and standard performance and then this comparison is taken into action to bring about a desired consequence.

Answer 6

Chapter 10, Problem 1RQ

To determine

Indicate the three parts of a control system, and describe the manner in which such system works.

Expert Solution & Answer

Explanation of Solution

Variance: Variance refers to the difference level in the actual cost incurred and standard cost. The total cost variance is subdivided into separate cost variances; this cost variance indicates that the amount of variance that is attributable to specific casual factors.

The following are the three parts of a control system:

A predetermined or standard performance level,
Measurement of actual performance, and
An evaluation between standard and actual performance.

The control system works by comparing the actual and standard performance and then this comparison is taken into action to bring about a desired consequence.

Answer 7

Chapter 10, Problem 1RQ

To determine

Indicate the three parts of a control system, and describe the manner in which such system works.

Answer 8

Expert Solution & Answer

Explanation of Solution

Variance: Variance refers to the difference level in the actual cost incurred and standard cost. The total cost variance is subdivided into separate cost variances; this cost variance indicates that the amount of variance that is attributable to specific casual factors.

The following are the three parts of a control system:

A predetermined or standard performance level,
Measurement of actual performance, and
An evaluation between standard and actual performance.

The control system works by comparing the actual and standard performance and then this comparison is taken into action to bring about a desired consequence.