A Standard Cost or Production Standard That Assumes Maximum Operating

question 3

Multiple Choice

A standard cost or production standard that assumes maximum operating conditions and 100% efficiency at all times is called a(n) :

• A)attainable standard.
• B)ideal standard.
• C)past experience standard.
• D)average standard.

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Definitions:

Vendor

A person or company offering something for sale, especially a trader in the streets.

Commission

A fee or percentage of a sale paid to a salesperson, agent, or broker for their services in facilitating a transaction.

Vendor

A person or company offering something for sale, typically goods or services.

Prospective Sale

A future transaction involving the transfer of goods or property that is anticipated but not yet finalized.