Q.9 A manufacturer prepares standard costs and ascertains that these differ very
considerably from the figures in the actual cost. Suggest reasons for the variations.
Also explain how a standard costing system throws a light on these variances.
Answers
Answered by
1
Explanation:
Advantages of Standards and Variances
Allow cost control and performance evaluation by comparing actual to budgeted figures. The objective of cost control is to produce an item at the lowest possible costaccording to predetermined qualitystandards.
Similar questions