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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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erial and machines. It leads to economy and increased productivity in all business activities.
7) It simplifies costing procedures and reporting. It reduces clerical work since standard rates are fixed for material pricing, overhead allocation apportionment etc.
8) It makes the work of valuation of inventory easier. This is because inventory is valued at pre-determined costs.
Limitations of Standard Costing:-
1) Standard costing is an expensive technique for a small concern.
2) It is difficult to set accurate standard costs. Improperly set standards may do more harm than good.
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pdf difference between standard costing and budgetary control


Posted 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
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differentiate between budgetary contr..................[:=> 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,
future. On the other hand standard costs are based on scientific analysis and engineering studies. Standard costing determines what the cost should be.
 Standard costs are used as a devise for measuring efficiency. The standards are predetermined and a comparison of standards with actual costs enables to determine the efficiency of the concern. Estimated costs cannot be used to determine efficiency. It only determines the expected costs. An effort is made that estimated cost should almost be near to actual costs.
 The purpose of determining estimated costs is to find out selling ..................[:=> Show Contents <=:]



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