how to deal with standard costing

IPCC 1306 views 4 replies

VIVEKSHANKARAN.V

STUDENT

102 Points Joined August 2008

hai everybody. Iam appearing in my pcc in may 2011. I feel very difficult with standard costing. It is very difficult for me to understand those formulae. Is there any way by which I can understand standard costing in an easy way? Is it better to omit standard costing?

Replies (4)

Sunny

JOB

46 Points Joined July 2008

U must do it if you keep confidence on you taht u can do it. Standard costing is no so tough dear

Guest

Its a simple chapter. Standard costing is divided into 7-8 small topics like material variance, labour variance etc. Just do 2-3 sums from each topic and the chapter is done. Its completely a formula based chapter.

Before starting every topic of this chapter, see a solved example of the same . Slowly read the sum and see the solution. Read the theory part of it to make your conecept more clear.

And ofcourse solve previous years question to make a grip on the chapter.

Guest

Originally posted by : vinnzz
	Its a simple chapter. Standard costing is divided into 7-8 small topics like material variance, labour variance etc. Just do 2-3 sums from each topic and the chapter is done. Its completely a formula based chapter. Before starting every topic of this chapter, see a solved example of the same . Slowly read the sum and see the solution. Read the theory part of it to make your conecept more clear. And ofcourse solve previous years question to make a grip on the chapter.

strongly agreed

Guest

standrad Costing is not formula based.The Beauty of the Chapter lies if u understand the concepts crystal clear.If u concentrate on formula's ull be lost..Once u understand the concepts u don need any Formula's..Infact if u Follow the formula's u will be making this chapter more difficult for u...