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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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dustries as technique of cost control and cost reduction. .................. [:=> 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 ..................[:=> 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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standard cost and estimated cost are discussed as under Estimated costs are based on historical accounting. It is an estimate of what the cost will be. It is a cost of guess work or reasonable estimate for the costs in 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 can.................. [:=> Show Contents <=:] |

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