Question: NEED NEW ANSWER ASAP / ANSWER NEVER USED BEFORE How do you think the idea of standard costs (related to your major) could be used

NEED NEW ANSWER ASAP / ANSWER NEVER USED BEFORE

How do you think the idea of standard costs (related to your major) could be used in a service industry like a hospital, clinic, law office, insurance company, IT department, non-profit, etc? As a manager of one of these organization what changes do you think you could make as a result of reviewing the variances we learned this week (materials, labor, overhead)? Be sure to provide specific, relevant examples of the use and analysis of the variance results.

COPY AND PASTE Answer in paragraph form, and no picture attachment please. No bullet points

ANSWER THROUGHLY 1 page

*************NEEDS TO BE AN ORIGINAL SOURCE ANSWER NEVER USED BEFORE************

PLEASE ANSWER THROUGHLY ALL ANSWERS

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 General Management Questions!

. NEED NEW ANSWER ASAP / ANSWER NEVER USED BEFORE How do you think the idea of standard costs (related to your major) could be used in a service industry like a hospital, clinic, law office,...

NEED NEW ANSWER ASAP / ANSWER NEVER USED BEFORE How do you think the idea of standard costs (related to your major) could be used in a service industry like a hospital, clinic, law office, insurance...

. NEED NEW ANSWER ASAP / ANSWER NEVER USED BEFORE How do you think the idea of standard costs (related to your major accounting) could be used in a service industry like a hospital, clinic, law...

, NEED NEW ANSWER ASAP / ANSWER NEVER USED BEFORE How do you think the idea of standard costs (related to your major accounting) could be used in a service industry like a hospital, clinic, law...

. NEED NEW ANSWER ASAP / ANSWER NEVER USED BEFORE How do you think the idea of standard costs (related to your major accounting) could be used in a service industry like a hospital, clinic, law...

. NEED NEW ANSWER ASAP / ANSWER NEVER USED BEFORE Why do you think it is important to consider only relevant costs when conducting a differential analysis for a major purchase? Why not consider all...

. NEED NEW ANSWER ASAP / ANSWER NEVER USED BEFORE A retailer wants to put items on sale and wants to know the impact on profit if the selling price of those items are reduced by 25%. To assist the...

A large induced-draft fan is needed for an upgraded industrial process. The motor to drive this fan is rated at 100 horsepower, and the motor will operate at full load for 8,760 hours per year. The...

Use virtual base class inheritance to resolve the following dreaded diamond problem. Student Student class having data members: Protected: roll no ,name Sports class having data members: Protected:...

Eagle borrows $ 3 0 , 0 0 0 cash by signing a four - year, 7 % installment note. Record the issuance of the note on January 1 , 2 0 2 1 .

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...