Business Finance Homework Help

American College of California Relationship Between Standard Costing and Benchmarking Discussion

 

Purpose of this Document:

To let you know in advance what the specific BTN requirements are for the entire class. These requirements are from another edition of your textbook at the end of selected chapters. For example, BTN 14-4 is located at the end of chapter 14. Be sure to read the chapter before completing and apply this knowledge in your thread and reply. You may submit your threads in advance of the due dates. BTN stands for “Beyond the Numbers”.

Basic Requirement for each BTN:
The student will be required to write a substantive written thread (between 125–150 words minimum) to these discussion questions. Create your initial posts in MS Word. Feel free to use your
book and Internet as sources. One (1) or two (2) sentence replies will not be graded.

BTN 21-5:
Access iSixSigma’s Website (iSixSigma.com) to search for and read information about benchmarking to complete the following requirements. (Hint: Look in the “dictionary” link.)

Required:
Write a one-paragraph explanation (in layperson’s terms) of benchmarking. How does standard costing relate to benchmarking?