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.
Manish Soni
(Expert)
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
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