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CIMA BA2 · Chapter 7 · Question 1 of 14

What is meant by an ATTAINABLE standard?

Test yourself: pick an answer

Reveal answer & explanation

Correct answer: C) A standard that can be achieved under efficient operating conditions, with allowances for normal losses, waste and idle time

Explanation

An attainable standard is challenging but achievable, including allowances for normal inefficiencies. An ideal standard assumes perfect conditions and may demotivate staff. A basic standard is left unchanged over long periods, and a current standard reflects present conditions.

All 14 questions in Chapter 7Standard costing and variance analysis MCQs with answers

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