The type of standard best suitable for cost control purpose is

Related MCQs

• Material mix variance = standard cost of standard mix - ………………..
• Standard cost is a …………..cost
• The deviation of the actual cost or profit or sales from the standard cost or profit or sale is known as …………
• Labour cost variance is the difference between standard cost of labour and………..
• ………….is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory
• ABC ltd. uses the following flexible budget formula to annual maintenance cost: Total cost = Rs. 6720 + Rs. 0.64 for machine hour The current month's budget is based on 20,000 hours of planned machine time. The maintenance cost included in this flexible budget for the current month is
• A statement prepared to provide detailed cost of a cost centre or cost unit is
• The use of FIFO method in material issue control is more suitable when
• The use of LIFO method in material issue control is more suitable when
• Average cost method of valuing material issues is suitable when………….