A standard which represents an efficient level of performance that is attainable under expected operating conditions is called a(n)
A) ideal standard.
B) loose standard.
C) tight standard.
D) normal standard.
Correct Answer:
Verified
Q45: The final decision as to what standard
Q46: Marburg Co. expects direct materials cost
Q47: Using standard costs
A) makes employees less "cost-conscious."
B)
Q48: If standard costs are incorporated into the
Q49: The two levels that standards may be
Q51: It is possible that a company's financial
Q52: The labor time requirements for standards may
Q53: Standard costs may be used by
A) universities.
B)
Q54: The most rigorous of all standards is
Q55: A standard differs from a budget because
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