What are the two standard cost options and what is standard cost?
- Selling division measured on performance vs standard.
- Buying division profitability not impacted by flux in transfer price
- Full cost
- Full cost plus
- Variable cost plus
Thursday 17 September 2015
Cima P2 Exam Question 26
Question No 26:
What are the two standard cost options and what is standard cost?
What are the two standard cost options and what is standard cost?
Thursday 10 September 2015
Cima P2 Exam Question 25
Question No 25:
Recommend, with reasons, TWO non-financial performance measures that SFG could use to evaluate the performance of the hotel managers?
One measure could consider customer satisfaction such as number of complaints and / or recommendations. In the short term saving money by cutting back on customer service might lead to long term loss of business due to a declining reputation.
Another measure might look at the number of new accommodation and events packages offered by the hotel. In the short term these would cost money to set up but in the long term they may lead to new business by achieving a competitive edge.
Recommend, with reasons, TWO non-financial performance measures that SFG could use to evaluate the performance of the hotel managers?
One measure could consider customer satisfaction such as number of complaints and / or recommendations. In the short term saving money by cutting back on customer service might lead to long term loss of business due to a declining reputation.
Another measure might look at the number of new accommodation and events packages offered by the hotel. In the short term these would cost money to set up but in the long term they may lead to new business by achieving a competitive edge.
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