A company that sets its standard costs, assuming that production will normally occur under close to ideal conditions, is said to be using "achievable" standards.

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A company that sets its standard costs, assuming that production will occur under close to ideal conditions, is using "ideal" standards. Achievable standards consider factors such as worker skill levels and current equipment conditions to set more realistic, yet still challenging, cost standards.

A Company That Sets Its Standard Costs, Assuming That Production