Difference between revisions of "Standard costing"
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== IGC-DEFINITION == | == IGC-DEFINITION == | ||
| − | '''Standard costing'''<br> | + | '''Standard costing / [[:de:Standardkostenrechnung|Standardkostenrechnung]]'''<br> |
Standard costing is a cost accounting method where all input and output units are always calculated at standardised rates. Supplies from stock are valued at the standard purchase price and outputs from cost centers at the planned cost rate. This has the great advantage that in the [[Variance analysis / comparison of budgeted and actual figures CBA|comparison between budgeted and actual figures]] variances, which have occurred in upstream systems do not appear in downstream systems. In this way the requirement of responsibility accounting is met, whereby only those costs are shown that can be influenced.<br> | Standard costing is a cost accounting method where all input and output units are always calculated at standardised rates. Supplies from stock are valued at the standard purchase price and outputs from cost centers at the planned cost rate. This has the great advantage that in the [[Variance analysis / comparison of budgeted and actual figures CBA|comparison between budgeted and actual figures]] variances, which have occurred in upstream systems do not appear in downstream systems. In this way the requirement of responsibility accounting is met, whereby only those costs are shown that can be influenced.<br> | ||
The standard product costs derive from preliminary costing. On a unit basis, they are calculated by multiplying the materials required (standard quantity) with the corresponding standard material prices as well as the working hours (standard hours) with the appropriate proportional cost rates. They therefore express what the single product will incur in the way of output-related costs. In the preliminary calculation the standard product costs are calculated in terms of a specific order, i.e. according to exact specifications from the customer but with standard prices and budgeted cost rates. So any difference that may arise is to be attributed only to subsequent changes in the order. | The standard product costs derive from preliminary costing. On a unit basis, they are calculated by multiplying the materials required (standard quantity) with the corresponding standard material prices as well as the working hours (standard hours) with the appropriate proportional cost rates. They therefore express what the single product will incur in the way of output-related costs. In the preliminary calculation the standard product costs are calculated in terms of a specific order, i.e. according to exact specifications from the customer but with standard prices and budgeted cost rates. So any difference that may arise is to be attributed only to subsequent changes in the order. | ||
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[http://www.igc-controlling.org/EN/_publikationen/publikationen.php IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.), 4. Auflage, Schäffer-Poeschel, Stuttgart, 2010] | [http://www.igc-controlling.org/EN/_publikationen/publikationen.php IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.), 4. Auflage, Schäffer-Poeschel, Stuttgart, 2010] | ||
| + | |||
| + | [[Category:Planning]] | ||
| + | |||
| + | == The World Waits For You == | ||
| + | |||
| + | Its so easy to give up on our dreams; its so easy to do what everybody expects us to be doing; its so easy to blend in, to be like everybody else, just another person in the crowd, having nothing interested to say, nothing interesting to show, nothing interesting to share with the world. Its so easy to stay in our comfort zone, away from our doubts, fears and worries; away from change and all that is unfamiliar; away from growth and evolution; away from all the opportunities life has to offer us; away from all that is beautiful, empowering and great away from life. | ||
| + | |||
| + | [[http://goodvillenews.com/The-World-Waits-For-You-0I7WPz.html The World Waits For You]] | ||
| + | |||
| + | [[http://goodvillenews.com/wk.html GoodvilleNews.com - good, positive news, inspirational stories, articles]] | ||
| + | |||
| + | == The Importance of Learned Optimism == | ||
| + | |||
| + | What 25 years of research reveal about the cognitive skills of happiness and finding lifes greater purpose.The illiterate of the 21st century, Alvin Toffler famously said, will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn. Our outlook on the world and our daily choices of disposition and behavior are in many ways learned patterns to which Tofflers insight applies with all the greater urgency | ||
| + | |||
| + | [[http://goodvillenews.com/The-Importance-of-Learned-Optimism-jmZjsG.html The Importance of Learned Optimism]] | ||
| + | |||
| + | [[http://goodvillenews.com/wk.html GoodvilleNews.com - good, positive news, inspirational stories, articles]] | ||
| + | |||
| + | == What Is Your Legacy? Living A Meaningful life == | ||
| + | |||
| + | I want the world to be better because I was here. I want my life, I want my work, my family, I want it to mean something and if you are not making someone elses life better then you are wasting your time Will Smith | ||
| + | |||
| + | [[http://goodvillenews.com/What-Is-Your-Legacy-Living-A-Meaningful-life-oBtnrB.html What Is Your Legacy? Living A Meaningful life]] | ||
| + | |||
| + | [[http://goodvillenews.com/wk.html GoodvilleNews.com - good, positive news, inspirational stories, articles]] | ||
| + | |||
| + | == 15 Things You Should Give Up To Be Happy == | ||
| + | |||
| + | Here is a list of 15 things which, if you give up on them, will make your life a lot easier and much, much happier. We hold on to so many things that cause us a great deal of pain, stress and suffering and instead of letting them all go, instead of allowing ourselves to be stress free and happy we cling on to them. Not anymore. Starting today we will give up on all those things that no longer serve us, and we will embrace change. Ready? Here we go: | ||
| + | |||
| + | [[http://goodvillenews.com/15-Things-You-Should-Give-Up-To-Be-Happy-r1EA1L.html 15 Things You Should Give Up To Be Happy]] | ||
| + | |||
| + | [[http://goodvillenews.com/wk.html GoodvilleNews.com - good, positive news, inspirational stories, articles]] | ||
| + | |||
| + | == The Secret to Success Kindness == | ||
| + | |||
| + | Take a look at these simple but powerful words from the Dalai Lama, Kindness and a good heart are the foundation for success in this life, progress on the spiritual path, and the fulfillment of our aspirations. Our need for them is not limited to any specific time, place, society, or culture. | ||
| + | |||
| + | [[http://goodvillenews.com/The-Secret-to-Success-Kindness-qClIIA.html The Secret to Success Kindness]] | ||
| + | |||
| + | [[http://goodvillenews.com/wk.html GoodvilleNews.com - good, positive news, inspirational stories, articles]] | ||
Latest revision as of 23:42, 20 August 2012
Contents
IGC-DEFINITION
Standard costing / Standardkostenrechnung
Standard costing is a cost accounting method where all input and output units are always calculated at standardised rates. Supplies from stock are valued at the standard purchase price and outputs from cost centers at the planned cost rate. This has the great advantage that in the comparison between budgeted and actual figures variances, which have occurred in upstream systems do not appear in downstream systems. In this way the requirement of responsibility accounting is met, whereby only those costs are shown that can be influenced.
The standard product costs derive from preliminary costing. On a unit basis, they are calculated by multiplying the materials required (standard quantity) with the corresponding standard material prices as well as the working hours (standard hours) with the appropriate proportional cost rates. They therefore express what the single product will incur in the way of output-related costs. In the preliminary calculation the standard product costs are calculated in terms of a specific order, i.e. according to exact specifications from the customer but with standard prices and budgeted cost rates. So any difference that may arise is to be attributed only to subsequent changes in the order.
from: IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.)
Source
The World Waits For You
Its so easy to give up on our dreams; its so easy to do what everybody expects us to be doing; its so easy to blend in, to be like everybody else, just another person in the crowd, having nothing interested to say, nothing interesting to show, nothing interesting to share with the world. Its so easy to stay in our comfort zone, away from our doubts, fears and worries; away from change and all that is unfamiliar; away from growth and evolution; away from all the opportunities life has to offer us; away from all that is beautiful, empowering and great away from life.
[The World Waits For You]
[GoodvilleNews.com - good, positive news, inspirational stories, articles]
The Importance of Learned Optimism
What 25 years of research reveal about the cognitive skills of happiness and finding lifes greater purpose.The illiterate of the 21st century, Alvin Toffler famously said, will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn. Our outlook on the world and our daily choices of disposition and behavior are in many ways learned patterns to which Tofflers insight applies with all the greater urgency
[The Importance of Learned Optimism]
[GoodvilleNews.com - good, positive news, inspirational stories, articles]
What Is Your Legacy? Living A Meaningful life
I want the world to be better because I was here. I want my life, I want my work, my family, I want it to mean something and if you are not making someone elses life better then you are wasting your time Will Smith
[What Is Your Legacy? Living A Meaningful life]
[GoodvilleNews.com - good, positive news, inspirational stories, articles]
15 Things You Should Give Up To Be Happy
Here is a list of 15 things which, if you give up on them, will make your life a lot easier and much, much happier. We hold on to so many things that cause us a great deal of pain, stress and suffering and instead of letting them all go, instead of allowing ourselves to be stress free and happy we cling on to them. Not anymore. Starting today we will give up on all those things that no longer serve us, and we will embrace change. Ready? Here we go:
[15 Things You Should Give Up To Be Happy]
[GoodvilleNews.com - good, positive news, inspirational stories, articles]
The Secret to Success Kindness
Take a look at these simple but powerful words from the Dalai Lama, Kindness and a good heart are the foundation for success in this life, progress on the spiritual path, and the fulfillment of our aspirations. Our need for them is not limited to any specific time, place, society, or culture.
[The Secret to Success Kindness]
[GoodvilleNews.com - good, positive news, inspirational stories, articles]
