Question

the objective of Standard costing?​

Answer 1

Answer:

Objectives of using Standard Costing System. To control costs mainly by setting standards for each type of cost incurred – material, labour and overhead. It also helps in analyzing variances and hence judging the effectiveness of managers in controlling the costs for which they are held responsible.

Answer 2

⎝⎝⫸⫷ANSWER⫸⫷⎠⎠

Objectives of using Standard Costing System. To control costs mainly by setting standards for each type of cost incurred – material, labour and overhead. It also helps in analyzing variances and hence judging the effectiveness of managers in controlling the costs for which they are held responsible.

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