--%>
Assignment Help - homework help

Merits of standard costing

Write down the merits of standard costing?

E

Expert

Verified

-It offers a standard for evaluating the effectiveness or ineffectiveness in performance.

-It makes easy the essential management purpose of cost control.

-It sets a normal that wants superior attempt and motivation to work to accomplish the same.

-It can be employed as a basis for price filing the tenders, fixation and submission the quotation.

-It makes easy allocation of authority and fascination of responsibility for each and every department or individual.

-To take the counteractive evaluates, the management requires evaluating the discrepancy from the standard.

-It gives means to promote acts to diminish cost.

   Related Questions in Financial Accounting

  • Q : Define the term Accounts Receivable

    Accounts Receivable: The money owed by customers (that is, individuals or corporations) to other entity in exchange for services or goods that have been employed or delivered, however not yet paid for. Receivables generally come in the form of operati

    		•
  • Q : Accouning Required parts are clearly

    Required parts are clearly describes at the end of the questions and additional resource contains the journal article related to question three.. Approx 2000 word assignment.. First Question is of not more than 1000 words to make memorandum and its example is given at end of assignment and require

    		•
  • Q : Computing overall balance and its

    Discuss how to compute overall balance and explain some of its significance.

    		•
  • Q : Goal programming model Write an article

    Write an article on Goal programming model to address the selection of the best group of quality control instruments in designing a quality control system for service organizations.

    		•
  • Q : Explain Control of Cash Explain Control

    Explain Control of Cash. Illustrate briefly.

    		•
  • Q : Uncertainty in dollar/franc exchange

    Suppose that your company has an equity position within the French firm. Explain some of the condition under which the dollar/franc exchange rate uncertainty does not have the exchange exposure for your company.

    		•
  • Q : Letter of Credit What do you mean by

    What do you mean by Letter of Credit?

    		•
  • Q : Foreign exchange transactions Discuss

    Discuss how foreign exchange transactions between the international banks are settled?

    		•
  • Q : Capitalization Method for Goodwill

    Capitalization Method: (Goodwill method): In this technique capitalized value of the firm is computed on the basis of normal rate of return. Difference between the capitalized value and real capital employed is termed as goodwill.

    		•
  • Q : Portfolio of Sharemarket SHAREMARKET

     SHAREMARKET ASSIGNMENT SHEET  - Select a share portfolio consisting of one company from each group listed above. The total value of your portfolio should add up to