1. The proposed contract allows for a 24% raise over 5 years. Assume the raise is 14% per hour for the first year. If you are the managerial accounting adjusting the standard to reflect this increase. Which standard would you change? Increase or decrease? Why? Standard to change: Increase or decrease:

Explain. 2. Workers want to have an increase to their per diem food allowance for away-from-home meals. Assume the food allowance is increased from $8.00 per day to $15. If you are the managerial accounting adjusting the standard to reflect this increase. Which standard would you change? Increase or decrease? Why? Standard to change: Increase or decrease:

Explain. 3. Workers want to earn sick pay benefits that they can use right away. Currently they have to be off 7 days in order to qualify for sick pay. Assume sick pay available is increased to 1 day for every 30 days worked and that the pay will kick in on the day one. If you are the managerial accounting adjusting the standard to reflect this increase. Which standard would you change? Increase or decrease? Why? Standard to change: Increase or decrease: Explain.