The setting of standards is critical to the effective use

Reference no: EM13575514

The setting of standards is critical to the effective use of standards in evaluating performance.

Explain the following in a short memo to your instructor.
1.The comparative advantages and disadvantages of ideal versus normal standards.

2. The factors that should be included in setting the price and quantity standards for direct materials, direct labor, and manufacturing overhead.

Reference no: EM13575514

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