Скачать или смотреть #3 Standard Costing - Material Variances | TYBCOM SEM 6 Cost Accounting

#3 Standard Costing - Material Variances | TYBCOM SEM 6 Cost Accounting

Standard costing is a perfect system of controlling costs and measuring efficiency and development. It is a technique of cost reduction and cost control. It helps to provide valuable guidance in several management functions such as formulating policies, determining price level, etc. The essence of standard costing is to set objectives and targets to achieve them, to compare the actual costs with these targets.
Standard Costing is used to ascertain the standard cost under each element of cost, i.e., materials, labor, and overhead. It can eliminate all kinds of waste. Through the application of this costing, it can be ascertained whether or not the activities of production are going on according to the pre‐determined plan.
There are many material variances some of them are Material Cost Variance, Material usage variance, material price variance, etc.

Learn the complete chapter of Standard Costing from the below links
Part 1:    • #1 TYBCOM SEM 6 Cost Accounting | Standard...  
Part 2:    • #2 Standard Costing - Material Variances |...  
Part 3:    • #3 Standard Costing - Material Variances |...  
Part 4:    • #4 Standard Costing - Material Variances |...  
Part 5:    • #5 Standard Costing - Labour Variances | T...  
Part 6:    • #6 Standard Costing - Labour Variances | T...  
Part 7:    • #7 Standard Costing - Material and Labour ...  
Part 8:    • #8 Standard Costing - Material and Labour ...  

Notes of Standard Costing chapters Link:
https://scholarsclasses.com/blog/stan...

BCOM Lecture Series (Playlist)
   • TYBCOM Sem 5 Mumbai University | Online Le...  

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