Standard costing is a separate system in accounting
Wheather it is correct or not that standard costing is a separate system in accounting?
Expert
No, it is only a method that is employed with the purpose of controlling cost. It can be employed in all techniques of costing such as job costing, process costing, and so forth however it is more helpful in those firms where standard costs are generated on incessant basis.
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Revenue: The amount (sum) of money which a company really receives throughout a specific period, comprising discounts and deductions for the returned merchandise. This is the "top line" or "annual income" figure from which costs are subtracted to find
Normal 0
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