Educator at Unacademy. Postgraduate in Commerce. Loves to cook and sing. Lives in Assam. 

Antara Mahanta

This course highlights the topic, "Standard costing", which is an important subtopic of Cost accounting. Here, we will discuss about the variances. This is an important course for UGC NET Commerce/management examination, Mcom entrance examination, Bcom/Mcom students and other relevant competitive examinations.

Prepare for UGC NET 2019 by watching our free online lessons covering UGC Net syllabus and also helping you solve Previous year question papers. Pursue your dream of JRF.

NTA-UGC-NET & SET Exams

English

Standard Costing

Cost and Management Accounting

Accounting and Auditing

Commerce

NET Exams

Ace the toughest competitive and government exams in India 

Test Preparation

This lesson gives an overview of the new course, Standard costing. It tells us about what we are going to learn in this course. This lesson also gives a brief introduction to Cost accounting, as standard costing is an important part of cost accounting.

Overview

With this lesson, we begin the standard costing chapter of Cost accounting. Here, we learn the meaning of standard cost, actual cost and variances. We learn about the types of variances.

Introduction to Standard Costing

This lesson explains material cost variance and its importance. It also contains the formula and the interpretation of the variance.

Material cost variance (part 1)

In this lesson, material price variance and material usage variance is discussed. The types of material usage variance are also discussed with their formulae.

Material cost variance (part 2)

In this lesson we learn about labour cost variance. Also, we learn about the labour rate variance and labour efficiency variance along with the formulae.

Labour cost variance

Madhuri 

The course describes all the Concepts of Financial Accounting in a concise form. This course will help you understand and revise all the important concepts of Financial Accounting for CBSE UGC NET Exam in less time.

Summary of Financial Accounting for CBSE UGC NET (Commerce)

Chandan Prasad

in this Course , detailed discussion of 250 MCQ'S of Financial and management Accounting of Commerce for UGC NTA NET Exam,  through various lessons...

(Hindi) 250 Most Important MCQ's of Financial and Management Accounting for UGC NET Commerce

Navdeep Kaur

In this course Navdeep Kaur is discussing Concepts of financial management and Capital Budgeting

(Hindi) Financial Management and Capital Budgeting Concepts with MCQs

Expert in Ugc net Commerce(paper - 2). I always prefer to put maximum efforts to make students learn and understand concepts in an ease. 

Sakshi Verma

This course will help to know all the deductions a tax payer can avail on the investments to make the tax obligations less.

(Hindi) NTA UGC NET: Income tax - Deductions under section 80C - 80U

This course is all about a complete study on Ratio Analysis concept - Its meaning, various types of ratios and Practical questions to be solved to be thorough wish the topic and in last dealing with Previous Year questions

Lessons

5 lessons • 28m

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Overview

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Introduction to Standard Costing

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Material cost variance (part 1)

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Material cost variance (part 2)

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Labour cost variance