10-1. Plant Tour: Labatt's
Managerial Accounting Topic: Process costing.
Brief Overview: This brewery tour provides information regarding the process in creating beer and the quality requirements used by Labatt's to ensure their beer meet their exacting standards. Enter the site by clicking on the bottle cap and then enter as a "guest". Under Tour, click "Take the tour". Try the express tour for a quick review of the process. Also includes movies to download for additional information.
Relevant Topics: continuous process, quality

Standards are set and used by companies for budgeting, benchmarking, performance measurement, and control purposes. From the virtual plant tour of Labatt's, identify two different standards that should be set, who should be responsible for setting them, how they should be measured, and what corrective action should be taken if the standards are not being maintained.