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What type of standard is based on the average performance in the past and aims to eliminate variations in costs due to trade cycles?
  • a)
    Ideal standards
  • b)
    Expected standards
  • c)
    Basic standards
  • d)
    Normal standards
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What type of standard is based on the average performance in the past ...
The type of standard that is based on the average performance in the past and aims to eliminate variations in costs due to trade cycles is known as "Normal standards." Normal standards provide a challenge to staff and help maintain consistency in cost management.
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What type of standard is based on the average performance in the past and aims to eliminate variations in costs due to trade cycles?a)Ideal standardsb)Expected standardsc)Basic standardsd)Normal standardsCorrect answer is option 'D'. Can you explain this answer?
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