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Standard Costing and Variance Analysis


Posted 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
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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 control


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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
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differentiate between budgetary control and standard costin..................[:=> Show Contents <=:]



Standard Costing and Variance Analysis


Posted 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 , standard costing made easy ppt, project on standard costing , project on standard costing and variance analysis, pdf difference between standard costing and budgetary control , ppt on variance analysis in costing, standard costing project report , standard costing seminartopic, standard costing and variance analysis pdf , standard costing and variance analysis ppt, standard cost variance analysis ppt , working paper of standard costing with variance analysis, define standard cost for mba , quotes for standard cost variance analysis, project report on variance analysis as a tool for cost control , variances,
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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