1. Divide into four- to six-person teams and do either A or B, depending on feasibility.

A. Choose a production job at a fast-food restaurant and, after making appropriate modifications of the standard-costing approach described in this chapter, estimate the mean and standard deviation of dollar-valued job performance.
B. The Tiny Company manufactures components for word processors. Most of the work is done at the 2,000-employee Tiny plant in the Midwest. Your task is to estimate the mean and standard deviation of dollar-valued job performance for Assemblers (about 200 employees). You are free to make any assumptions you like about the Tiny Assemblers, but be prepared to defend your assumptions. List and describe all the factors (along with how you would measure each one) that your team would consider in using standard costing to estimate SDy.