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What is the disadvantages of standard costing?

What ARE the disadvantages of standard costing?


What are the main features of standard costing system?

features of standard costing


How is standard costing variance interrelated?

http://www.futureaccountant.com/standard-costing-variance-analysis/ http://www.futureaccountant.com/standard-costing-variance-analysis/


Standard Costing Vs Variance Analysis?

standard costing and variance analysis


Compare Standard costing vs variance analysis?

Compare Standard costing vs variance analysis?"


Distinction between standard costing and actual costing?

Standard costing is process of determining the standard price require to produce one unit of product while actual costing system uses the actual prices of manufacturing one unit of product.


Define process costing its types features applications?

Job Order Costing Operation Costing Normal Costing Actual Costing Standard Costing Kaizen Costing Target Cost


How can standard costing help management in determining performance of a manager?

Standard costing is a set target where it is used as a goal to monitor progress


What are the differences between standard and target costing?

Standard costing will be the price for something. Mostly in every store. The target costing is when one says what one is willing to pay and they can negotiate the cost.


What is the role of standard costing in industry?

angiyazi


What can undermine the value of using standard costing?

Imposing standard costs without communicating in an honest, candid manner will undermine much of the perceived value of such costing.


Breaking one goal into several smaller goals is known as?

benchmarking