A company that manufactures bicycles received an order from a national sporting goods chain. The order was
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Question:
Use the above information to answer the following questions:
1. Write the standard for daily bicycle production that the company must meet in order to complete the order in the required 30 days.
2. At the end of the first 10 days, what was the total variance from the number of bicycles that should have been completed.
3. What was the variance from the daily standard at the end of the first ten days?
4. What was the corrective action taken by the manager?
5. At the end of 20 days, what was the total variance from the number of bicycles that should have been completed?
6. Writ a standard for the daily production of bicycles for the last 10 days in order to complete the contract on schedule.
7. What should the manager do if the production level exceeds the standard during the first two of the remaining production days?
Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
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