DT1
What are some of the advantages and disadvantages of standard costs? How do managers determine what the standard cost should be? Describe the effect of inaccurate standard costs on financial reporting. ( answers must be 130-140 words )
DT2
When should variances be investigated? Who should be responsible for correcting a negative variance? Why? What are some factors that can lead to variances? How can variances be corrected? (answers must be 130-140 words )
DT3 (answers must be 130-140 words )
Describe the balanced scorecard approach to performance evaluation. What are the four common perspectives? Provide general examples of the four perspectives. Discuss how the balanced scorecard is used by your firm, or hypothetically by one of the firms listed on The Global Dow (https://www.djaverages.com/?go=globaldow-overview).