Which of the following statements is false concerning the two ways to set standards?
A) Time and motion studies are part of the task analysis method.
B) The usefulness of the historical data analysis method is reduced by changes in production methods.
C) The task analysis method is future oriented rather than past oriented.
D) The task analysis method and the analysis of historical data method cannot be used together.
Correct Answer:
Verified
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A)
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Q8: A standard that assumes a production process
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Q10: A labour rate variance is shown by
A)
Q12: Which of the following statements is/are true?
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Q13: A material quantity variance is shown by
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Q14: Which of the following are methods for
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Q16: A standard cost is
A) the actual cost
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