1.) Normal standards

	A.	reflect optimal performance under perfect operating conditions.
	B.	are efficient and attainable.
	C.	can lower the morale of the workforce.
	D.	will stimulate workers to improve eficiencies.

2.) Smart Manufacturing budgeted costs for 50,000 linear feet of block are:

Fixed manufacturing costs

$60,000 per month

Variable manufacturing costs

$300,000

Smart installed 40,000 linear feet of block during March. How much is budgeted total manufacturing costs in March?

3.) A project with a negative net present value indicates that

	A.	the rate of return equals management's minimum acceptable rate of return.
	B.	the rate of return is less than management's minimum acceptable rate of return.
	C.	the calculation was done incorrectly.
	D.	the rate of return is greater than management's minimum acceptable rate of return.