Answer Posted / ravindra
standrd costis the cost which remains as standard cost
standard cost -actual cost = variance
1. actual quantity * actual rate -- 1
2. actual quntity * standard rate -- 2
3. standard quantity * standard rate -- 3
this is the formulaes for caluculating standard costing
like this we will keep some numeric values and see for eg
(4-1) the resulted figure is favourable or in favourable
Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
what are the seven accounting rules
What is the difference between income statement & Profit&loss A/c?
MAY I PREPARE TAX INVOICE FROM MFG UNIT TO RETAILER DIRECTLY?
Questions on Purchase Book & sales Book .Balance sheet , Purchase & Sales Return
How & When We Calculate Deffered Tax... Please Give me Some Example.?
ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT
How can someone prepared for Syndicate Bank Interviw? Do interviewer going to ask any aptitude questions or will it be similar to other PO Interviews? Answers solicited..
How can I explain p2p process in SAP?
how Mis reports are used?n why it is used ? explain
What are the stages involved while preparing business blue print with examples?
You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6
what is capital market and money market? what is primary market and secondary market?
Ledger Is The Principle Book Of Accounts In Business. Do You Agree For It. Comment On Your Confirmation?
is anybody attended interview in ernst&young for EMS PROCESS , pls let me know abt the written test and what type of report writing
define fixed assets