Question: Describe an organization whose historical experience was a poor basis for establishing standards. Why wasnt the historical data valuable? How did the organization respond? Please

Describe an organization whose historical experience was a poor basis for establishing standards. Why wasnt the historical data valuable? How did the organization respond?

Please write not less than 250 words.

The standards to be regarded are:

Ideal Standards-demand a maximum efficiency and can be achieved only if everything operates perfectly.No machine breakdowns,slack of skill(even momentarily) are allowed.

Currently attainable Standards-can be achieved under efficient operating conditions . Allowance is made for normal breakdowns,interruptions,less than perfect skill,and so on.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!