McGraw-Hill OnlineMcGraw-Hill Higher EducationLearning Center
Student Center | Instructor Center | Information Center | Home
Chapter 4 FIFO Supplement
How's Your Math?
Net Tutor
Text Updates
Exhibits From the Text
Sample Supplements
Links to Real World Companies
Grade Summit
Learning Objectives
Chapter Outline
PowerPoint Presentations
Practice Exams
Multiple Choice Quiz
Internet Exercises
Alternate Problems
SPATS
Excel Spreadsheets
Feedback
Help Center


Managerial Accounting
Introduction to Managerial Accounting
Jeannie M. Folk
Ray H. Garrison
Eric Noreen
Standard Costs

Internet Exercises

Student Instructions:

Go to the Hershey's web site at http://www.hersheys.com/index_html.shtml and click on the factory tour button. Take one of the tours: the "Pictures and Text Tour" or the "Video Tour" to learn more about the world's largest chocolate factory in Hershey, Pennsylvania. After taking the tour, answer the following questions:

  1. What are the main ingredients in Hershey's chocolate?
  2. What is a standard?
  3. What standards should be set by Hershey's for use in its chocolate factory? How are these standards typically broken down for purposes of variance analysis?
  4. What are the two categories of standards in terms of motivating factory employees? Describe each category. If the managers in the Hershey's factory were like most managers, which category of standards would they prefer? Why?




McGraw-Hill/Irwin




Copyright2002 McGraw-Hill Higher Education
Any use is subject to the Terms of Use and Privacy Policy.
McGraw-Hill Higher Education is one of the many fine businesses of The McGraw-Hill Companies.