Answered You can hire a professional tutor to get the answer.
QUESTION
- Discuss the difference between budget and standard cost. - What are ideal standards? Currently attainable standards? Of the two which is usually
- Discuss the difference between budget and standard cost.
- What are ideal standards? Currently attainable standards? Of the two which is usually adopted? Why?
- How does standard costing improve the control function?
- Explain why the direct materials price variance is often computed at the point of purchase rather than at the point of issuance.
