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What is an attainable standard?
A standard which is based on currently attainable working conditions
A standard which is established for use over a long period, which is used too show trends
A standard which can be attained under perfect operating conditions and which includes no allowance for wastage spoilage machine breakdowns and other inefficiencies
A standard which can be attained if production is carried out efficiently, machines are operated properly and/or materials are used properly. Some allowance is made for waste and inefficiencies.
Why the first statement is not the correct answer. Also which type of standard is the second statement
It is current conditions that affect the current costs which are what we are comparing with the standard.
The second statement is explaining a basic standard as I explain in my free lectures.