Ideal standards can be achieved only if everything operates perfectly, meaning that they do not allow for any machine breakdowns, slack, etc.
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Q12: The quantity of each input that should
Q13: The standard quantity of materials allowed can
Q14: The total budget variance is the difference
Q15: The actual quantity of input at the
Q16: Managers develop price standards when they determine
Q18: Standard costs are developed for direct materials,
Q19: The standard unit cost is developed before
Q20: To compute the standard direct labor hours
Q21: Although general responsibility for the volume variance
Q22: Responsibility for variable overhead spending and efficiency
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