Matching
Match each item with the correct statement below.
-Standards of perfection that require absolute efficiency.
A)Quantity Standards
B)Ideal Standards
C)Price Standards
D)Standard Cost Sheet
E)Upper Control Limit
F)Currently Attainable Standards
G)Kaizen Standards

Question

Quizplus · Accepted Answer

Ideal Standards are standards of perfection that require absolute efficiency.

Answer: A 
 Quantity Standards specify the amount of work that should be produced in a given period of time.

Answer: C 
 Price Standards specify the cost of a specific unit of output.

Answer: D 
 The Standard Cost Sheet is a document that shows the standard cost of a product or service, including direct materials, direct labor, and overhead costs.

Answer: E 
 The Upper Control Limit is the highest acceptable level of variability in a process.

Answer: F 
 Currently Attainable Standards are standards that reflect currently achievable levels of performance.

Answer: G 
 Kaizen Standards are standards that reflect continuous improvement over time.

Matching Match Each Item with the Correct Statement Below