Ideal standards

Ideal standards are standards based on perfect or ideal conditions that do not allow for any waste in the production process, machine breakdown, or other inefficiencies. Also known as perfection standards.

Definitions

According to Managerial Accounting by Braun, Tietz (5th edition),

Ideal standards. Standards based on perfect or ideal conditions that do not allow for any waste in the production process, machine breakdown, or other inefficiencies. Also known as perfection standards.