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standard costing

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(Querist)
08 February 2010 plz tell me the best way to learn standard costing formulas in CA Final
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
09 February 2010 best way is to learn by making formula in a tabular form.
send me ur e mail id,
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CA.Pujah

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CA.Pujah (Expert)
09 February 2010 the best way to learn formulas especially standard costing formula is not to mug them up, but to understand its logic & you won't need a reference again.
Like, if you need to calculate variance, it is basically the difference between what you budgeted & what you actually did. whether +tive will be adverse or negative will depend upon what you are comparing, & what is favourable & unfavourable
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CMA. Dinesh S Adhikari, ACMA

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CMA. Dinesh S Adhikari, ACMA (Expert)
09 February 2010 Agreed!!!!!!
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CMA. Dinesh S Adhikari, ACMA

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CMA. Dinesh S Adhikari, ACMA (Expert)
09 February 2010 Agreed!!!!!!
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
09 February 2010 Best way -- formula in a tabular form
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
09 February 2010 Yes,Tabular form is best way
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