Question
use practical standards in establishing its budget. An analysis of the DM needed to create one hat is as follows: DM needed: 0.5 yards of
use practical standards in establishing its budget. An analysis of the DM needed to create one hat is as follows:
DM needed: 0.5 yards of felt
Anticipated wastage: 0.15 yards
Anticipated damaged felt: 0.05
Felt costs: $12 per yard
Delivery costs: $0.50 per yard
The DL needed is as follows:
DL needed: 2 hours
Allowance for inefficiencies: 0.25 hours
Pay rate: $10 per hour
Benefits: $1 per hour
Taxes: $1.80 per hour
What is the DM quantity standard?
What is the DL Price Standard?
What would be a disadvantage of using IDEAL standards in setting the budget?
a. Employees may be demotivated
b. It may lead to unethical behaviors
c. We will be very unlikely to meet the standards
d. All of the above are disadvantages
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started