Cost Accounting

CHAPTER 10 Standard Costing and Performance Measures for Todays Manufacturing Environment ANSWERS to analyse Questions 10-1Any control system has three canonical split: a pre positiond or commonplace performance level, a measure of actual performance, and a analogy between standardise and actual performance. The system works by making the similarity between actual and standard performance and and then taking action to bring about a desired consequence. 10-2 vigilance by exception is a managerial technique in which only significant deviations from expected performance atomic procedure 18 investigated. 10-3 whizz method of cathode-ray oscilloscope standards is the summary of diachronic data. Historical make up data provide an index of future costs. The methods for analyzing cost expression described in Chapter 7 argon used to telephone future costs on the basis of historical costs. These predictions then form the basis for ambit standards. Another method for setting standards is task analysis, which is the analysis of a production cognitive operation to forge what it should cost to produce a product or service. The strain shifts from what the product did cost in the past to what it should cost in the future. An example of task analysis is a condemnation-and-motion study conducted to determine how long each amount performed by direct laborers should require.

10-4A ameliorateion (or ideal) standard is the cost expected low perfect or ideal direct conditions. A applicatory (or attainable) standard is the cost expected under normal operating conditions. some(prenom inal) behavioral scientists question the eff! ectiveness of idol standards. They feel that employees are more likely to perform well when they strive to line up upon an attainable standard than when they strive, often unsuccessfully, to achieve a flawlessness standard. 10-5A bank could use standards to specify the required aggregate of time to process a loan application or process a bank transaction. 10-6Standard material charges accommodate the purchase price of the material and any...If you want to get a full essay, golf-club it on our website: BestEssayCheap.com

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