Perfection standards

Perfection 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 ideal standards.

Definitions

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

Perfection 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 ideal standards.