attainable standard

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Types of standards in standard costing

In cost accounting, actual performance is compared with standard performance so that to establish the adverse or favorable variance from the standard set as a benchmark. Adverse variance (if it is significant) need to be investigated and corrected. Thus a company can develop a standard performance, and such standard can be one of the followings;

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Meaning of attainable standards in management accounting.

Attainable standards also are known as expected or practical standards is a standard which can be attained if a standard unit of work is carried out efficiently, a machine properly operated or materials properly used. This standard is most widely used in practice. The attainable standard is based on an efficient operating condition though not a perfect condition. 

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