Standard Costing

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namrata (Querist)
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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

Manish Soni (Expert)
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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