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The following statements relate to the application of feedback and feedforward control:
1. Feedback and feedforward are both applied in budgetary planning and control.
2. Feedback is used in the analysis of variances.
3. Feedforward enables budgeted data for a period to be amended for the next period. 3.
4. Feedforward relates to the setting of performance standardsWhich of the above statements are true?
A 1 and 2 only
B 3 and 4 only
C 1, 2 and 4 only
D 1.3 and 4 onlyAnswer is A. I am unable to understand the statement 4. Please explain
A performance standard is, for example, how long it would take you to make an item or what maximum rate of produce rejects you would expect.
A feedforward control aims to foresee and correct problems before they happen. So, if making the item seems to take 5 minutes and the performance standard is 4 minutes, action should be taken to try to speed up production (eg training, rearrangement of machines) so that the year’s production quota can be met.
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