What are ideal standards? Currently attainable standards? Of the two, which is usually adopted? Why?
Answer to relevant QuestionsMultiple Choice Questions 1. Historical experience should be used with caution in setting standards because a. They may perpetuate operating inefficiencies. b. Ideal standards are always better than historical standards. ...Refer to the information for Lata Inc. above. Lata Inc., produces aluminum cans. Production of 12- ounce cans has a standard unit quantity of 4.5 ounces of aluminum per can. During the month of April, 300,000 cans were ...Refer to the information for Bolsa Corporation. Bolsa Corporation produces high-quality leather belts. The company’s plant in Boise uses a standard costing system and has set the following standards for materials and ...Escuchar Products, a producer of DVD players, has established a labor standard for its product—direct labor: 2 hrs at $ 9.65 per hour. During January, Escuchar produced 12,800 DVD players. The actual direct labor used was ...Claro Company produces plastic bottles. The unit for costing purposes is a case of 18 bottles. The following standards for producing one case of bottles have been established: During December, 78,000 pounds of material were ...
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