standard costs and balanced scorecard
Discussion Topic: Standards
Throughout this course, many discussion opportunities come up where you need to respond to other people’s opinions and comments. Address the Discussion topic after you have completed your reading.
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Order Paper NowThis weekâ€
s Discussion topic is about setting standards for performance evaluation. Organizations set standards to effectively utilize standards in evaluating performance.
Respond to the following in a short memo addressed to your instructor:
- What are the comparative advantages and disadvantages of ideal versus normal standards?
- What are the factors that should be included in setting the price and quantity standards for direct materials, direct labor, and manufacturing overhead?
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