Question: What is the difference between an ideal standard and an attainable standard?

What is the difference between an ideal standard and an attainable standard?

Step by Step Solution

★★★★★

3.40 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

IDEAL OR PERFECT STANDARD Ideal standards are the standards that can be achieved in most favourable ... View full answer

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

Document Format (1 attachment)

Word file Icon

259-B-M-A-S-C (958).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

Q:

What is the difference between ideal and easily attainable standards?

Q:

What is the difference between an offer for a unilateral contract and an offer for a bilateral contract? Why might that difference be important to understand?

Q:

What is the difference between an SF2andan SF3 forecast?

Q:

Q.5 One of your company's managers has recently returned from a Business Improvement seminar and has asked you to expand upon the area of Standard Costing and Variance Analysis. He wishes you to give...

Q:

3. What is the difference between an ideal standard and an attainable standard?

Q:

1. Which of the following is not a component of the master budget? A. Operating budget B. Budgeted income statement C. Budgeted balance sheet D. Statement of return on investment 2. Which of the...

Q:

1. Which of the following is not a component of the master budget? A. Operating budget B. Budgeted income statement C. Budgeted balance sheet D. Statement of return on investment 2. Which of the...

Q:

2. Which of the following types of standards can be achieved only under perfect conditions? A. Easily attainable standard B. Ideal standard C. Currently attainable standard D. Tight but attainable...

Q:

Helon Yece t ld reandea.res a single product for the year just ended: and the following standard costs applied $ per unit 24.00 36.00 Variable production overhead 2 direct labour hours at $3.60...

Q:

What is the difference between an ideal standard and a currently attainable standard?

Q:

The accompanying SAS computer output relates to the house price data of Problem 10 in Chapter 8. Use this output and, if necessary, the output associated with Problem 9 in Chapter 9 to answer the...

Q:

"The primary responsibility for internal controls rests with the outside auditors." Do you agree? Explain.

Q:

Miple Oroce 5 8 0 . 0 0 9 1 thonse 1 4 9 0 0 0 1 4 Eliot 1 4 . 1 8 0 0 Forty years ago, you began investing $ 2 , 0 0 0 a year. Because your investments earned an average of 2 percent a year, your...

Q:

What is a profit and loss account?

Q:

please show all calucations clearly, thank you!! financial calculator inputs if possible as well 12. You are considering two independent projects with the following cash flows. The required return...

Q:

Use the following Taylor rule to calculate what would happen to the real interest rate if inflation increased by 3 percentage points. Target federal funds rate = 2 + Current inflation + 1/2...

Q:

rep You work for Kitchen Kings in Fujairah You are sending an additional bill to a customer. You noticed that when he picked up his custom-made kitchen cabinets, ho only paid half of the bill and has...