Examples of 'standard cost' in a sentence
Meaning of "standard cost"
Standard cost refers to a predetermined cost that is established as a benchmark for evaluating actual costs. It is used in managerial accounting to compare the expected cost of producing a product or providing a service with the actual costs incurred. Standard costs are typically based on historical data and industry standards and serve as a basis for variance analysis and performance evaluation
How to use "standard cost" in a sentence
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standard cost
Issuance of updated standard cost ratio manual.
The standard cost is the correct cost.
The company uses a standard cost system.
A standard cost manual has been developed.
There is a standard proposal nor a standard cost.
Inflation and standard cost adjustments.
Standard cost per unit of measure.
There is no standard cost for a course.
Estimated costs of categories covered by standard cost guidelines.
Te standard cost for a digital tv converter is forty dollars.
Explain the meaning of standard cost.
Standard cost per post.
Many manufacturing businesses use a standard cost system.
Standard cost manual being updated.
All of this information is entered on a standard cost card.
See also
Creation of standard cost tables.
The estimates of net salaries are based on standard cost rates.
The standard cost guidelines were not applicable to all objects of expenditure.
There is something called the standard cost model.
Second issue of the standard cost manual is being finalized for issuance.
The proposed method is sustained by the standard cost concept.
Tighter controls on standard cost usage and access to budgetary information.
Data is easy to maintain and to repair in a standard cost database.
Standard cost method.
Scope of application of the standard cost guidelines to the support.
Standard cost systems are designed to measure the efficiency of manufacturing operations.
Sets based on standard cost.
Work in process and finished goods inventories are recorded at standard cost.
Computation of the standard cost of the final goods in process inventory.
The same applies to the purchase price and standard cost.
Uses standard cost.
One distinguishing feature opposes lean accounting and standard cost accounting.
On the standard cost.
Standard cost information and workload reporting systems would need to be in place.
A variance is the difference between a standard cost and actual performance.
Computation of the standard cost of the production transferred to the product inventory.
The difference between actual and standard cost is the variance.
The standard cost guidelines prescribe that entitlements to furniture be based on staff level.
Estimated rental costs using standard cost guidelines and the flat rate.
The standard cost is adjusted downward to take into account the expected vacancy rate.
Do extra research and discover the standard cost structure inside this industry.
Standard cost per student in the various fields of study and number of students enrolled.
Do additional research to find out the standard cost factors within this industry.
A favorable standard cost variance occurs when planned cost is less than actual cost.
Then it is mostly a question of exploiting data from standard cost accounting for productivity measurements.
The standard cost does not necessarily cover the costs of each individual power station.
Do additional research and find out the standard cost factors within your industry.
Every decision process involving the product cost must use the standard cost.
Actual cost and standard cost are compared for evaluating the efficiency of work.
The procurement market must be monitored and the standard cost rates adjusted if necessary.
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The cost of this workshop is per couple
Yet not at the cost of your life
Cost allocation and booking of the invoice
Examples of using Standard
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No deviation from the standard form is permitted
Standard installation and wiring material is used
There is probably no standard practice or perfect answer
