Home | ARTS | Accounting For Managers | Types of Cost Variances

Accounting For Managers - Cost Estimation And Control-Standard Costing And Variance Analysis

Types of Cost Variances

   Posted On :  03.05.2018 11:53 pm

As noted previously, the difference between the standard cost and the actual cost is known as ‘cost variance’.

Cost Variances
 
 
As noted previously, the difference between the standard cost and the actual cost is known as ‘cost variance’. The total cost variance should be split into its constituent parts, in order to analyze the cost variances in greater detail. The following figure reveals the picture clearly:
 


Tags : Accounting For Managers - Cost Estimation And Control-Standard Costing And Variance Analysis
Last 30 days 7 views

OTHER SUGEST TOPIC