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question

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › question

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by AvatarJohn Moffat.
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  • June 29, 2021 at 4:34 pm #626613
    Avatarxyzc
    Participant
    • Topics: 413
    • Replies: 175
    • ☆☆☆☆

    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

    June 29, 2021 at 5:22 pm #626630
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54837
    • ☆☆☆☆☆

    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.

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