Question: Why would managers generally prefer to use attainable standards as opposed to ideal standards?

Why would managers generally prefer to use attainable standards as opposed to ideal standards?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Managers generally prefer to use attainable standards over ideal standards for several practical reasons in the context of performance measurement and ... View full answer

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!

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

1. How strong are the competitive forces confronting J. Crew in the market for specialty retail? Do a [Michael Porter] five-forces analysis to support your answer. (see chapter 3 in the textfor...

Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...

To be solved by DKetan. Using Chapter 7 of your text as a reference, define a standard cost and explain what constitutes the components of a standard cost. Describe the advantages and disadvantages...

What are the basic segment reporting requirements under US GAAP, and would you say they favor those stakeholders who prefer more or who prefer less disclosure? Reference: Please use Segment reporting...

**Provide summary of above paragraph in ( More than 3500 words ). Please avoid plagiarism. If you provide wrong solution i will dislike and report you.** ** Don't waste my question. Don't solve if...

Case 9-2 Continental A.G. Write a report of approximately 750 words that addresses the following points: Examine Continental?s financial statements for unusual accounting practices that may have a...

1. Which of the following is a characteristic of zero-based budgeting? A. It uses the same level of activity as the prior budget period. B. It is relatively inexpensive to implement. C. It is used...

INTRODUCTION Bazar Stores Company Ltd (Bazar) is one of the largest food retailers in Ghana, employing over 2,500 staff in over 75 locations across the country. Bazar started its business operations...

Barbara Smith is interviewing candidates to be her secretary. As she interviews the candidates, she can determine the relative rank of the candidates but not the true rank. Thus, if there are six...

Complete the following descriptions by filling in the blanks. 1. The equity method with ______ is used to account for long-term investments in equity securities with controlling influence. 2....

accounting for impairment losses multiple choice involves a two step process

Replace the three forces acting on the plate by a wrench. Specify the magnitude of the force and couple moment for the wrench and the point P(x, y) where its line of action intersects the plate....

One end of a solid cylindrical copper rod 0.200 m long is maintained at a temperature of 20.00 K The other end is blackened and exposed to thermal radiation from surrounding walls at 500.0 K the...

An open container holds 0.550 kg of ice at -15.0C. The mass of the container can be ignored. Heat is supplied to the container at the constant rate of 800.0 J/min for 500.0 min. (a) After how many...

A capstan is a rotating drum or cylinder over which a rope or cord slides in order to provide a great amplification of the rope's tension while keeping both ends free (Fig. 17.33). Since the added...

A Constant-Volume Gas Thermometer An experimenter using a gas thermometer found the pressure at the triple point of water (0.01C) to be 4.80 X l04Pa and the pressure at the normal boiling point...

What is the creative process in which a group of individuals are brought together and asked to generate ideas related to a specific topic, with little effort given to evaluating the potential of the...

Simms Consulting, a real estate consulting firm, specializes in advising companies on potential new plant sites. The firm uses a job costing system with a predetermined indirect cost allocation rate...

J& B Appliance provides repair services for all makes and models of home appliances. J& B Appliance charges customers for labor on each job at a rate of $ 76 per hour. The labor rate is high enough...

Rosa Recycling recycles newsprint, cardboard, and so forth, into recycled packaging materials. For the coming year, Rosa estimates total manufacturing overhead to be $ 369,260. The companys managers...

Here are some recently reported correlations, with interpretations drawn by journalists. Knowing just these correlations, can you come up with other possible explanations for each of these? Alcohol...

3. How Is Research Knowl edge D isu;buted? Researchers Study? a. Acad e1nic Pu blishing b. Scholarly Research b. Social Di alogue and Pu blic Policy c. Applied Research c. Com muni cation in th e...

A mental health professional with a medical degree who can prescribe medication is a _______.