1218/22, 6.09 PM SOM Quiz 3 SCM Quiz 3 biancamicaellacerda@ncba.edu.ph Switch account WY Saving disabled Your email will be recorded when you submit this form * Required Select "TRUE" if the statement is correct and "FALSE" if not. Practical standard are more likely to be attained by worker making diligent * + point efforts. @ Tre O False Ideal standards make no allowance for waste spoilage and machine * 1 point breakdowns Practical standards can be used for product costing and cash budgeting * 1 poi! @ Tre O False htpssdocs. google. comiformsda/FAlpOLSI89pHAZIqgPHZSFLxPoHO-KEM OplKsIOrI28DSquSeviFXdwiformResponse 71218/22, 6.09 PM SOM Quiz 3 If properly used, standards can help motivate employees. * 1 point Unfavorable variance, material in amount, should be investigated, but large * 1 poin favorable variance need not be investigated. O Tre @ False Ideal standards can be used for cash budgeting or product costing. * 1 point ‘A firm using practical standards has no reason to make any midyear * 1 point adjustment to the production standard if an old machine is replaced by a newer, faster machine, htpssdocs. google. comiformsida/FAlpOLSI89pHAZIqgPHZSFLxPoHO-KEM OplKsIOrI28DSquSeviFXdwiformResponse 2a1218/22, 6.09 PM SOM Quiz 3 Standard costs are estimates of costs attainable only under the most ideal * 1 point conditions, but rarely practicable. Behavioral scientists find that perfection standards often discourage * 1 point ‘employees and result in low worker morale, The standard cost per unit of materials is used to calculate a materials * 1 point price variance. @ Tre O False Ideal standards are also called theoretical or maximum efficiency * 1 point standards. htpssdocs. google. comiformsida/FAlpOLSI89pHAZIqgPHZSFLxPoHO-KEM OplKsIOrI28DSquSeviFXdwiformResponse a61218/22, 6.09 PM SOM Quiz 3 Ideal standards do not make provisions for workers with different degrees * 1 point of experience and skill levels. Standard costs are difficult to use with a process costing system. * 1 point O Tre @ False Under practical standard, exceptions from standards are less likely. * 1 point Consequently, managers will be better able to practice management by exception. @ Tre O False The standard cost per unit of materials cannot be determined until the end * 1 point of the period. Back Next Clear form This form was created inside of National College of Business and Arts. Report Abuse Google Forms htpssdocs. google. comiformsida/FAlpOLSI89pHA2Iq2PHZSFLxPoHO-KEM OplKsIOrI2809quSeviFXdwiformResponse 48