price and quantity variance
is meant by measurement in che mistry
Pounds is the standard for sugar.
There is no standard measure.
A cup is used as a measure of volume. Thus a cup of liquid is a standard 'cup sized' volume of liquid.
Usually it would be degrees Fahrenheit (°F).
The standard unit used to measure sound power is the decibel (dB).
Estimates are the expressions of of opinion based upon past experiences whereas the standard costs are based upon standard rate that are very carefully developed and set as scientifically as possible. However, both estimated costs and standard costs are related to future period of time but there are some significant differences between them. Some major differences between standard costs and estimated costs are listed below:1. Estimated costs are the expressions of opinion based upon experience. Standard costs are based upon standard rates that are carefully developed and set as scientifically as possible.2. Estimated costs are used by those firms that follow historical costing system. Standard costs are used by those organizations that follow standard costing.3. Estimated costs are based on actual costs and anticipated costs. Standard costs are fixed after scientific analysis of relevant cost elements.4. Estimated costs are based on approximation. Standard costs are based upon specifications.5. Estimated costs are normally used as guideline for price determination, quoting the selling price etc. Main purpose of standard costs is to serve as a tool for cost control.
The standard tile measure used for determining the dimensions of a room is square feet.
The standard measure used to determine the brightness of a light bulb is called lumens.
Standard deviation is a measure of the spread of data.
The standard units used to measure the magnitude of earthquakes are the Richter scale and the moment magnitude scale.
A valuable management tool, standard costing is part of cost accounting. Rather than using actual costs for direct material, labor and manufacturing overhead, standard costs are used to easily track variances and estimate profit.Though actual costs are still paid, standard costing is often used for inventories and cost of goods sold. The difference between standard and actual costs are known as variances. These variances are what make standard costing such a valuable practice for management. Management can quickly become aware of changes in budgeted costs by tracking the variances.When standard costing is used, you will often hear the terms unfavorable or favorable variance. This refers to changes in actual costs in relation to planned or standard costs. A favorable variance takes place when actual costs dip below standard costs. Conversely, if actual costs rise above standards, the variance is unfavorable.In regards to manufacturing companies, standard costs would first be seen as individual parts or pieces of the finished product. This means that the final standard cost will be the sum of the standard costs of each of the individual pieces of the product.
standard deviation
The standard unit used to measure shaft work in mechanical systems is the Joule (J).
Metre
No we cannot measure the living standard of any country through the use of automobiles.
The standard unit used to measure electrical resistance is the ohm, denoted by the symbol .