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.
This 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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