Standard Costing & Variance Analysis

Let’s learn an important costing technique- Standard costing and variance analysis in accounting and understand its application and difference from costing methods.

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 1h 31m | 8 Videos | 59556 Views |   All Levels

Standard Costing & Variance Analysis:

Standard costing is the practice of replacing an expected cost for an actual cost in the accounting records. Let’s learn an important costing technique- Standard costing and variance analysis in accounting and understand its application and difference from costing methods.

The training will include the following:

• What is standard costing?
• Definition of standard.
• What is standard cost?
• Steps in standard costing.
• Variance Analysis
• Types of variances
• Material, labour and overhead variance.
• Merits and demerits of standard costing.

Target Customers:

• Accountants
• Cost Accountants
• Tax consultants
• Students

Pre-Requisites:

• Foundation knowledge of Accounting terms
• Passion to learn and apply

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