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Title: Standard Costing and Variance Analysis
Page Link: Standard Costing and Variance Analysis -
Posted By: seminar class
Created at: Monday 28th of February 2011 05:04:27 PM
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Standard Costing and Variance Analysis
Introduction
Standard Costing is an effective management tool for planning, co-ordination and control of business. It is a technique of cost control.
It gives better results when it is employed with budgetary control.
It has been devised to overcome some of the limitations of historical costing.
Definition
Standard Cost is, “a pre-determined cost” which is calculated from management’s standards of efficient operation and the relevant necessar ....etc
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Title: pdf difference between standard costing and budgetary control
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