Ethical Use of Standard Costing
Read the following in Chapter 16 of the Fundamentals of Cost Accounting text:
- Exercise 16-63, “Ethics and Standard Costs,” page 658. (ATTACHED)
After reading the exercise, respond to the following prompt:
- Discuss whether or not Margaret’s behavior regarding the cost information she provided to Susan constitutes an unethical fiduciary breach of her duties to Farmer Frank’s.