Answer:
Difference b/w Ideal standards and Normal Standards.
Ideal Standards | Normal Standards |
Ideal standards are the standard are set with the assumption that all the resources are used to the optimum level and the business environment is also a perfect environment is also a perfect environment where there is no space for uncertainity or flutuation. |
Normal Standards are set with the assumption that normal conditions of the business exist through out i.e, with out any unexpected contingency. like if the nature of the business is seasonal, it means that it is a normal business condition and it is treated as normal. However, under ideal standards there is nothing like seasonal every condition is perfect and optimum. |
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