Cost Accounting

CHAPTER 10 Standard Costing and Performance Measures for Todays Manufacturing Environment ANSWERS to analyse Questions 10-1Any control system has three staple fiber split: a pre positiond or commonplace performance level, a measure of actual performance, and a analogy between standardize and actual performance. The system works by making the comparison between actual and standard performance and and then taking action to bring about a desired consequence. 10-2 charge by exception is a managerial technique in which only significant deviations from expected performance atomic heel 18 investigated. 10-3 whizz method of cathode-ray oscilloscope standards is the analytic thinking of historical data. Historical make up data provide an indicant of future costs. The methods for analyzing cost expression described in Chapter 7 atomic number 18 used to telephone future costs on the basis of historical costs. These predictions then form the basis for riding horse sta ndards. Another method for setting standards is task analysis, which is the analysis of a production subprogram 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 prison term-and-motion study conducted to determine how long each shade performed by direct laborers should require.

10-4A ameliorateion (or ideal) standard is the cost expected below perfect or ideal operating(a) conditions. A interoperable (or attainable) standard is the cost expected under normal operating conditio ns. some(prenominal) behavioral scientists ! question the effectiveness of idol standards. They feel that employees are more likely to perform well when they strive to run into upon an attainable standard than when they strive, often unsuccessfully, to achieve a idol 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 termss accommodate the purchase price of the material and any...If you want to get a full essay, wander it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper