Multiple Choice
Why should historical experience be used with caution in a standard setting?
A) Historical experience can perpetuate inefficiencies.
B) Historical experience provides very rigorous guidelines.
C) Standards based on historical experience are better than standards based on engineering studies.
D) Operating personnel may not be able to achieve operating standards based on historical experience.
Correct Answer:

Verified
Correct Answer:
Verified
Q65: Matching<br>Match each item with the correct statement
Q116: During March, Raining Unlimited produced 5,500 umbrellas
Q118: Overland Company is considering manufacturing a
Q119: What is an advantage of standard costing
Q120: Which term best categorizes the kaizen costing
Q122: Match each of the following calculations with
Q123: Which formula is used to compute the
Q124: To compute the standard direct labour hours
Q125: For better control, the materials price variance
Q126: Fender Corporation<br>Fender Corporation produced 100 units