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## Standard Costing and Variance AnalysisPosted by: seminar class Created at: Monday 28th of February 2011 03:04:27 AM Last Edited Or Replied at :Monday 11th of April 2011 04:01:30 AM | discuss the utility of variance analysis in cost control ,
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The purpose of determining estimated costs is to find out selling price in advance to take a decision whether to produce or to make and also to prepare financial budgets. Estimated costs do not serve the purpose of cost control. On the other hand standard costs are helpful in cost control. The analysis of variance enables to take corrective measures, if necessary. Standard costs are not easily changed. The standard are set in such a way that small changes in conditions do not require a change in standards. Estimated costs are revised with the change in conditions. They are mad.................. [:=> Show Contents <=:] | |||

## pdf difference between standard costing and budgetary controlPosted by: Created at: Sunday 28th of April 2013 03:22:17 AM Last Edited Or Replied at :Monday 29th of April 2013 12:32:56 AM | difference between standard costing and budgetary control ,
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differentiate between budgetary control and standard costin..................[:=> Show Contents <=:] | |||

## Standard Costing and Variance AnalysisPosted by: seminar class Created at: Monday 28th of February 2011 03:04:27 AM Last Edited Or Replied at :Monday 11th of April 2011 04:01:30 AM | discuss the utility of variance analysis in cost control ,
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concern. 2) It is difficult to set accurate standard costs. Improperly set standards may do more harm than good. 3) It is not easy to distinguish variances as controllable or uncontrollable. 4) Since business conditions are changing, the standards are to be revised frequently. Revision of standards is a tedious and costly process 5) Standard costing cannot be applied fully to job order industries dealing in non-standardized products. It may be applied partially but it would not be effective. 6) If standards are too high or rigid, they will be unattainable. It will adversely affect th.................. [:=> Show Contents <=:] |

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