Ideal Standards Definition
Ideal Standards Definition:
Standards that allow for no machine breakdowns or other work interruptions and that require peak efficiency at all times.
Other Related Accounting Articles:
- Ideal Standards Definition
- Practical Standards Definition
- Work-in-Process Definition
- Labor Rate Variance
- Direct Labor Efficiency Variance
- Variable Overhead Efficiency Variance Definition
- Manufacturing Cycle Efficiency (MCE) Definition
- Management By Exception Definition
- Transaction Error Rate
- Outsourcing
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