BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

Solutions

Chapter
Section
BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
18 views

Why is historical experience often a poor basis for establishing standards?

To determine

Explain the reason of considering past experiences often a poor basis for the establishment of standards.

Explanation

Standards:

The minimum acceptable level of performance which is to be achieved by an activity or a person is known as standard.

Historical experiences are a poor choice for the establishment of standards. Due to continuous change in internal and external organizational factors, efficiency is not constant...

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

What are the major elements of design planning?

Foundations of Business (MindTap Course List)

(Oligopoly Power) What are three sources of oligopolies?

ECON: MICRO4 (New, Engaging Titles from 4LTR Press)

How would each of the following changes tend to affect aggregate (i.e., the average for all corporations) payou...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

Describe and compare risks and opportunities.

Pkg Acc Infor Systems MS VISIO CD