Unit-4 Standard Costing and Variance Analysis
Standard Cost and Standard Costing
Historical Costing and Standard Costing Historical Costing In the early development of cost accou...
Variance Analysis
Variance Analysis Variance analysis is a crucial process in management accounting that helps orga...
Material Cost Variance
Material Cost Variance (MCV) The Material Cost Variance (MCV) measures the difference between the...
Labour Cost Variance
Labour Cost Variance (LCV) The Labour Cost Variance (LCV) measures the difference between the STA...