Description
lk
Assignment Details
This discussion has two parts. Address both of the parts in a 400-600 word response (total for both).
- The analysis of standard cost systems begins with the development of standards for direct materials, direct labor, and manufacturing overhead. Discuss standard costs and indicate how they can be used by management in planning and control.
- Why is it important to consider the relationship among cost, quality, and selling prices when establishing standards for direct materials?
Explanation & Answer
Whats up buddy?😀 I completed the assignment and I used APA style for formatting and referencing.😎 Everything should be clear but if you have any questions..hit me up and I will explain..😇 Otherwise if the work is satisfactory, go ahead to complete and review the question below..👇
Discussion Board Questions
Question One
Standard Cost In Management Planning and Control
Question Two
Direct Material
References
Running head: DISCUSSION BOARD QUESTIONS
Discussion Board Questions
Student’s Name
Institution
Date
1
DISCUSSION BOARD QUESTIONS
2
Discussion Board Questions
Question One
Standard Cost In Management Planning and Control
Standard cost can be defined as an assessed cost of executing a process or producing a
good or service, under regular circumstances. The standard price can be categorized into three
namely: basic, ideal and attainable or current. Basic Standards refer to long-term standards that
do not change over time. Ideal Standards relate to standards that are attainable over certain
favorable conditions. Achievable standards are standards that are applied during the pricin...
Review
Review
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Similar Content
Related Tags
The Girl With The Dragon Tattoo
by Stieg Larsson
Divergent
by Veronica Roth
How to Win at the Sport of Business
by Mark Cuban
The 48 Laws of Power
by Robert Greene
Night
by Elie Wiesel
American Gods
by Neil Gaiman
The Trial
by Franz Kafka
The Catcher in the Rye
by J. D. Salinger
The Metamorphosis
by Franz Kafka