Standard costing is a technique of?
Standard costing is a technique of?
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Sanjeev
The purpose of cost accounting is to compute the total cost of the production of goods or the cost of providing services. But the presentation of this cost data depends on the techniques of costing employed. These various techniques of costing also help in cost control and cost reduction. Let us take a look.
manish1008
Standard costing is a technique which uses standards for costs and revenues for the purpose of control through variance analysis. Standard is a predetermined measurable quantity set in defined conditions against which actual performance can be compared, usually for an element of work, operation or activity.
Charu
Standard costing is a technique which uses standards for costs and revenues for the purpose of control through variance analysis. Standard is a predetermined measurable quantity set in defined conditions against which actual performance can be compared, usually for an element of work, operation or activity.