Page 110 - F2 Slides 2017-18
P. 110

Types of standard




                                                                    Ideal

          What would be expected under perfect operating conditions












              Attainable                              Types of Standards                                             Basic


         What would be


         expected under                                                                                     A standard left

       normal operating                                                                                   unchanged from


              conditions                                                                                   period to period




                                                                Current


         A standard adjusted for specific issues relating to the current

                                                                  period




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