Asked by Andrew Inman on May 27, 2024
Verified
Which of the following statements is false concerning the two ways to set standards?
A) Time and motion studies are part of the task analysis method.
B) The usefulness of the historical data analysis method is reduced by changes in production methods.
C) The task analysis method is future oriented rather than past oriented.
D) The task analysis method and the analysis of historical data method cannot be used together.
Task Analysis
The process of breaking down a task into detailed steps to identify the necessary skills, knowledge, and behaviors for its completion.
Historical Data Analysis
The examination of past data to identify trends, patterns, and outcomes that can inform future decisions and strategies.
- Understand the methods for setting standards in cost accounting.
Verified Answer
ZK
Zybrea KnightJun 03, 2024
Final Answer :
D
Explanation :
The task analysis method and the analysis of historical data method can be used together to set standards. In fact, combining both methods can lead to more accurate and comprehensive standards.
Learning Objectives
- Understand the methods for setting standards in cost accounting.
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