Solution-What are ideal standards, What are ideal

What are ideal standards

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Reference no: EM132892526

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Q1. What are the three primary reasons of using a standard cost system? In a business that routinely manufactures the same products or performs the same services, why are standards helpful?

Q2. What are ideal standards? What are currently attainable standards? Explain which standard is usually adopted and why.

Q3. Some people suggest that the direct labor rate variance is never controllable. Do you agree or disagree? Give reasons to support your answer.

Reference no: EM132892526

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What are ideal standards

Reference no: EM132892526

Reference no: EM132892526

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Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

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