Standard Costing
This query is : Resolved
10 October 2009
After studying std costing many times i still cant say i have command on std costing,or when i see std costing question somewhere the 1st thing that strikes is i cant do this,this state may be 'coz I did not took classes,but please if anyone can help me get out of this state.
12 October 2009
i had the same problem but i worked harder n harder to hav concept in standard costing,,,
u sud practice a lot n don mug up the formulas,,..
u shall understand it
e.g. Mat. Price Var. = Actual Qty(Std Price-Actual Price) or u can als write
= Actual Qty(Actual Price - Std. Price)
the main thing is that whether v r payin above or below the standard price.,,,,
If above thn v r paying more so result wil b Adverse otherwise it wil b Positive as v r payin less thn standerd price,,
hope ur query is resolved.,.,
I here to help so don hesitate
u sud practice a lot n don mug up the formulas,,..
u shall understand it
e.g. Mat. Price Var. = Actual Qty(Std Price-Actual Price) or u can als write
= Actual Qty(Actual Price - Std. Price)
the main thing is that whether v r payin above or below the standard price.,,,,
If above thn v r paying more so result wil b Adverse otherwise it wil b Positive as v r payin less thn standerd price,,
hope ur query is resolved.,.,
I here to help so don hesitate
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Rental income of jointly held property
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
