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Ken Garrett.
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Forums › FIA Forums › MA2 Managing Costs and Finance Forums › Variance Question
Which TWO of following are true statement relating to application of feedback and feedforward control.
A) Feedback and feedforward are both applied in budgetary planning and control.
B) Feedback is used in the analysis of variances.
C) Feedforward enables budgeted data for a period to be amended for the next period.
D) Feedforward relates to the setting of performance standards.
Answer is A and B.
What is D saying? Can you explain sir? If it is wrong so what could have been right statement for that.
Feedforward is simply nothing to do with setting standards. D is rubbish. There is no ‘right’ statement for that.
Tutor can you tell what performance standard are? Are they used to check peformance of labor?
They are targets for performance eg, how many errors are made or average time to complete a task.