I am facing problem of Remembering formula of standard costing,
Can anybody help me regarding the same. Do anybody have idea how to remember the formulas of Standard costing
thanking you
jaimin (Finance Executive) (465 Points)
29 February 2016I am facing problem of Remembering formula of standard costing,
Can anybody help me regarding the same. Do anybody have idea how to remember the formulas of Standard costing
thanking you
CA. Sandeep Kumawat
(CA)
(341 Points)
Replied 29 February 2016
You can refer DKC video on standard costing, its free and available on youtube...
Idea is to split variance and then study, Std costing is purely reconciliation thing, and if you understand break-down of variance then it is really easy.
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