Standard costs should be based on the assumption of ideal (maximum efficiency) conditions to hold production and
Question:
Standard costs should be based on the assumption of ideal (maximum efficiency) conditions to hold production and purchasing employees accountable. Do you agree? If you do not agree, explain why not.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
No I do not agree An ideal standard represents what it shoul...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: 9780137689453
1st Edition
Authors: Jennifer Cainas, Celina J. Jozsi, Kelly Richmond Pope
Question Posted:
Students also viewed these Business questions
-
Case Analysis Critical thinking, creativity, and problem-solving are among some of the top skills needed by employers in the supply chain industry. This assignment will stretch your critical...
-
When do you use your mental shortcut (system 1) to make purchase decisions?When do you use deliberate and rational thinking (system 2) to make purchase decisions? What are the pros and cons of...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Find the incarization of the function x) - Vx+ 4 at a-5 and use it to approximate the numbers 8.97 and y9.05. Are these approximations overestimates or underestimates? SOLUTION The derivative of fx)...
-
What is referential integrity, and how is it implemented in a relational database?
-
Give at least five (5) latest or on-going government projects in Davao City (including approx. project cost) and explain if its cost is justifiable and how can the people benefit from it. Do you...
-
If your course involves exercises with a CFD code, study the manual to determine which of the projection schemes discussed in Section 10.4 (SIMPLE, SIMPLEC, SIMPLER, PISO) are implemented. Are there...
-
The cost of goods sold computations for Silver Company and Gold Company are shown below. Instructions (a) Compute inventory turnover and days in inventory for each company. (b) Which company moves...
-
McConnell Corporation has bonds on the market with 14.5 years tomaturity, a YTM of 5.3 percent, a par value of $1,000, and acurrent price of $1,045. The bonds make semiannnual payments. Whatmust th 2...
-
As part of the management by exception philosophy, Luggage Manufacturing gives bonuses based on positive variances with respect to the following: i. Using less materials than allowed in the flexible...
-
Holtje sells hammocks to many different retail outlets, and has gathered the following information for the period: * U = unfavorable, F = favorable. Additional information: Planned production was...
-
The speed of sound traveling through ocean water is a function of temperature, salinity, and pressure. It has been modeled by the function C = 1449.2 + 4.6T - 0.055T 2 + 0.00029T 3 + (1.34 - 0.01T)(S...
-
Find the radius of curvature for a fast electron with speed v = 2 x 107 m/s in (a) the Earth's magnetic field at the surface, and (b) in a 10 T magnetic field.
-
Direct Labor Actual Data: Units produced Direct Labor Standard Cost Data per 1 Unit Quantity Price 2 hrs $41/hr SHOW ALL COMPUTATIONS. 20 units 39 hrs; total cost $1560 Compute rate variance,...
-
State the business you are doing/using You should submit a written report identifying your great business idea and explaining its choice. The report should be about two double spaced typed pages. The...
-
How do banks manage interest rate risk, and what hedging strategies are commonly employed to mitigate these risks ?
-
Tyrene Products manufactures recreational equipment. The operating results for the most recent year for one of its products, a skateboard, are presented below. Sales Variable expenses Contribution...
-
The estimators of V (HT) in (6.22) and (6.23) require knowledge of the joint inclusion probabilities ik. To use these formulas, the data file must contain an n n matrix of the iks, which can...
-
Reconsider Prob. 1474. In order to drain the tank faster, a pump is installed near the tank exit as in Fig. P1475. Determine how much pump power input is necessary to establish an average water...
-
Balance sheet accounts for Joyner Company contained the following amounts at the end of Years 1and 2: The companys income statement for Year 2 follows: Equipment that had cost $40,000 and on which...
-
See, I told you things would work out, said Barry Kresmier, president of Lomax Company. We expanded sales from $1.6 million to $2.0 million in 2009, nearly doubled our warehouse space, and ended the...
-
Mary Walker, president of Rusco Products, considers $14,000 to be the minimum cash balance for operating purposes. As can be seen from the following statements, only $8,000 in cash was available at...
-
BF Company has a cycle time of 2.0 days, uses a Raw and In Process account (RIP) and charges all conversion cost to Cost of Goods Sold. At the end of each month, all inventories are counted, their...
-
Identify a particular support function of a college (the library, for example). Discuss possible allocation bases that might be used to allocate costs in the function to programs (degrees) or...
-
minimum selling price. Surf Gear manufactures beach towels. The plant has a production capacity of 48,000 towels each month. Currently, the expected results of August are as follows: Per unit Total...
Study smarter with the SolutionInn App