When developing a perfection standard for direct labour, a manager should include which of the following?

Labour on-costs Occasional inefficiencies and machine breakdowns A minimal acceptable idle time Question 12 options:

a) i and iii

b) iii

c) i and ii

d) i

Which of the following statements is/are false?

1. Return on investment encourages managers to take a long-term view of corporate performance.
2. Return on investment may encourage managers to defer the replacement of worn assets.
3. Return on investment may encourage managers to increase expenditure on research and development.

a) i and ii

b) i and iii

c) All of the given answer

d) ii and iii

An overhead cost performance report is composed of the

Question 5 options:

a)	actual and budgeted costs for each overhead item.

b)	fixed overhead budget variance along with actual and budgeted costs for each overhead item.

c)	variable overhead spending and efficiency variances, fixed overhead budget variance, and actual and budgeted costs for each overhead item.

d)	variable overhead spending and efficiency variances.