Solved

There Are Two Types of Standards; Ideal Standard and Efficient

Question 58

True/False

There are two types of standards; ideal standard and efficient standard.

Related Questions

Q53: To establish standard costs organisations need to

Q54: It is not possible to calculate a

Q55: Ideal standards assume perfect operating conditions that

Q56: A flexible budget uses the variable cost

Q57: The static budget compared to flexible budget

Q59: The process of calculating variances and analysing

Q60: Standard cost variances can be broken down

Q61: Standard costs are the amount that managers

Q62: Standards may be derived using:<br>A) historical data<br>B)

Q63: A tool that managers use to estimate