Page 16 - CIMA MCS Workbook August 2018 - Day 1 Tasks
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CIMA NOVEMBER 2018 – OPERATIONAL CASE STUDY
EXERCISE 1(B) - STANDARD COSTING AND VARIANCES
Suggest four variances that would be of most use to GymFiT. Justify your choices.
Variance Reason
EXERCISE 1(C) - QUALITY COSTING
Comment on how each of the four “costs of quality” could potentially apply to GymFiT.
Type of cost How it could apply to GymFiT
Prevention Costs
Appraisal Costs
Internal Failure Costs
External Failure Costs
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