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Cabanarama Inc. designs and manufactures easy-to-set-up beach cabanas that families can set up for picnicking, protection from the sun, and so on. The cabanas come in a kit that includes canvas, lacing, and aluminum support poles. Cabanarama has expanded rapidly from a 2-pereson operation to one involving over a hundred employees. Cabanarama's founder and owner, Frank Love, understands that a more formal approach to standard setting and control is needed to ensure that the consistent quality for which the company is known continues.
Problem 1: When Annette designs the standard costing system for Cabanarama, who should be involved in setting the standards for each cost component?
Problem 2: What factors should be considered in establishing the standards for each cost component?
Problem 3: Assume that Cabanarama develops the standards for materials use, materials price, labor use, and labor wages. Who will be assigned responsibility for each and for any resulting variances? Why?
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